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Cenvat Credit Balance Mismatch Between ER-1 & Balance Sheets

Central Excise - Started By: - Chetan Pawar - Dated:- 19-6-2015 Last Replied Date:- 22-6-2015 - Dear Experts,As per our Company Policy, we have taken 100 % Credit of all Input in excise Cenvat Credit Register & but in accounts(Balance sheet) we have taken only 50 % and remaining we have expense out as material cost. Hence our Cenvat Credit Balance are always mismatch between ER-1, ST-3 & Balance Sheet. illustration . we purchase the input Amount of ₹ 100 + Excise Duty 12.50 %+vat 5 .....

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