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TMI BlogTool amortisation., Central ExciseX X X X Extracts X X X X X X X X Extracts X X X X ..... We have sold mould to our customer without charging excise duty becase that mould we have kept with us to supply components. We availed excise duty on mould purchased from our vendor. Now before compl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... etion of project we want to return the mould to the customer. 1) Do we need to reverse cgst credit for balance life of the mould as we have taken excise duty credit on that mould or can we charge cgs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t to our customer by invoice. can customer get the credit of cgst. We are not job worker. We are not going to charge anything while returning the mould to the customer as he is the owner of the same. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Pls. reply. [email protected] - 7709482039 - Reply By YAGAY andSUN - The Reply = Since on the above mentioned moulds you had availed CENVAT credit in C.E. Regime, therefore in our view, whi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le supplying it back to you customer, then, you need to reverse the ITC propotionately. Further, in GST Regime there is no need to pay GST on the Tool Amortisation as it is settled Legal Position. - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tool amortisation., Central Excise - Query Started By: - Sanjeev Goski Dated:- 10-12-2019 Central Excise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rt, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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