Excise & vat
mohit kumar
(Querist) 25 January 2017
This query is : Resolved
Dear Sir/Madam,
My question is very simple. I am an Accounts Executive in a MNC company. I filled the Excise Return (ER-1) and U.P. Sales Tax Return on the basis of invoice who provided by dispatch department. Dispatch Department provide me invoice in same month and date of invoice and date of dispatch is same and I paid duty on the behalf of same. But in actual practice, invoice not dispatch same month it dispatched delay in practical month. i.e
Days Total
0 190,669,978
01-05 140,307,822
06-10 2,620,212
11-20 15,756,648
21-30 896,666
31-60 1,676,314
Not Dispatch 10,822,531
Grand Total 362,750,170
So that date of dispatch always contradict RG-1 and Dispatch Register.
Sometime dispatched rectified the invoice date. i.e.
Invoice No Actual Invoice Date Invoice Date as per Account Record Invoice Date as per Dispatch Recod
MF1617/480 30/11/2016 30/11/2016 15/12/2016
Please guide me is it right practice or not? If it is wrong practice what’s the provision of the same?
R.K Nanda
(Expert) 25 January 2017
contact tax lawyer.
Rajendra K Goyal
(Expert) 27 January 2017
This is practical aspect, discuss / contact with other companies what system they are adopting.
Broadly excise should be paid on the date of dispatch and accounted in RG-1.
Rajendra K Goyal
(Expert) 30 January 2017
Repeated:
http://www.lawyersclubindia.com/experts/Excise-vat-629791.asp
