on 03-27-2008 5:36 AM
Dear all,
What is the ikmportance of 57F4 form......
Once we company receive the damaged goods ...customer will send along with the damaged material.
What is the present Service tax........:
Is thr any Excemptions like Sales tax.,...
It's very urjent
Thanks in adavance
Rergards
Luckky
Dear Lucky,
Please find the following links:
help.sap.com/bp_blv1500/BL_India/documentation/Baseline_IND_Solution%20Scope.doc
help.sap.com/saphelp_erp2005/helpdata/en/42/549cc429b311d4ae1500105a16d13d/content.htm
www.eccinformatics.co.in/prj01.htm
Hope this helps you.
Regards,
Rakesh
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Dear Luckky
57F4 will come into picture when you do subcontracting without payment of excise duty.
In Indian subcontracting process when you issue materials to a subcontractor, you need to keep track of what materials you have issued and when they have to be returned by subcontractor. The reason for this close monitoring has to do with Indian tax law. Under excise law 57AC, when you send materials to a subcontractor for processing, you are not required to pay any excise duty, even though the materials have left your premises. However, if the materials have not been returned to you within 180 days specified by the law, you will have to reverse any excise credit that you posted when you have purchased the materials. When you send material out of your factory premises you need to send with 57F4 Challan.
thanks
G. Lakshmipathi
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Dear fnds,
Anyone on this Issue,,,,,,,,,,,,Please
Regards
Luckky
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