ch.venkata ramana


{ City } hyderabd
< Country > india
* Profession * commercial manager
User No # 91816
Total Questions Posted # 0
Total Answers Posted # 5

Total Answers Posted for My Questions # 0
Total Views for My Questions # 0

Users Marked my Answers as Correct # 67
Users Marked my Answers as Wrong # 27
Questions / { ch.venkata ramana }
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Answers / { ch.venkata ramana }

Question { 8333 }

we purchased material from other state without waybill, can
we get c-form without waybill?


Answer

we provide c form to purchaser not for us

Is This Answer Correct ?    9 Yes 14 No

Question { 6786 }

if rent paid by the head office of their branch than what
would the accounting enrty and why?


Answer

godown rent Dr
bank cr

Is This Answer Correct ?    3 Yes 5 No


Question { Reliance, 4449 }

Excisable material sold without charging excise duty,
Now after 3 months, I am issuing Suplimantary bill to party
for Excise payment, now please tell me the interest need to
pay for this and also is there need to pay interest if i
have sufficiant amount of cenvate credit balance in these 3
months.


Answer

you have to pay intrest for three month @ 18%

Is This Answer Correct ?    3 Yes 2 No

Question { 18774 }

What is RITC and how it is calculated?


Answer

Riverse Input Tax Credit

Is This Answer Correct ?    47 Yes 5 No

Question { 3823 }

Dear Sir,

i am doing excise part, now I have a dout Please clarify
any one. my question is I submitted July month return in
before 10th August. But we sold material in july to x party
excise value 12% - 1000, 2% - 20 and 1% - 10 Rupees
respectively, we paid this amount in the same month it's no
problem sir. but now x party reject the material and
invoice in september month. may i adjuste above paid amount
in september month return? How can i adjuste and where can
i metione this details in Excise return? please give answer
it's help full for me. Advance thanks for every one reply.


Answer

any sales return nothing but purchase bill
you take it as purchase bill and posted it to RG 23-partii
it is effected in next month ER-1 as purchase .

Is This Answer Correct ?    5 Yes 1 No