cenvat credit notes

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FM Arun Jaitley presents the Economic Survey 2016-17


Finance Minister Shri Arun Jaitley Presented Economic Survey 2016 17 in the Parliament today Economic Survey says economic growth to return to normal as new currency notes in required quantities come back into circulation and follow up action on demonetisation is taken The CPI based core inflation r

Old notes returned figures might change says RBI


Clarification regarding Specified Bank Notes SBNs There had been various estimates on SBNs tendered in certain sections We would like to clarify that the periodical SBN figures released by us were based on aggregation of accounting entries done at the large no of Currency Chests all over the country

Updated FAQ on withdrawal of old bank notes


Withdrawal of Legal Tender Character of the Old Bank Notes in the denominations of 500 and 1000 and The Specified Bank Notes Cessation of Liabilities Ordinance 2016 Updated as on January 04 2017 1 Why was the Scheme of Withdrawal of Legal Tender Character of the old Bank Notes in the denominations o

Ordinance on cessation of liabilities of old notes


MINISTRY OF FINANCE Department of Economic Affairs NOTIFICATION New Delhi the 30thDecember 2016 S O 4251 E In exercise of the powers conferred by clause b of sub section 1 of section 2 read with clause i of sub section 1 of section 4 of the Specified Bank Notes Cessation of Liabilities Ordinance 201

Date for deposit of old notes extended for citizens who were abroad


RBI introduces Facility for Citizens and NRIs who were Abroad for Exchange of SBNs The Reserve Bank of India has introduced afacility of exchange of specified bank notes SBNs to give an opportunity to Indian citizens and non resident Indian NRI citizens who were abroad during November 9 2016 to Dece

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Experts Opinions

use of creditors money / debtors advances


please tell me if there is a case law regarding use of debtors advances creditors money in business

Credit taken without our ecc no in bill


Hi Experts We are a Manufacturing unit and we have receive so many Raw Material Bills out of some bills didn t have ECC No of our unit but the same time supply unit ECC will no was available But we have taken a cenvat credit for those bills Is it will become a problem while CERA Audit Pls Suggest to

Input credit


Currently in VAT we cannot take credit for stationaries purchased in the business Can we take credit in gst

Credit note or cancel invoice


Dear Sir Madam Mr A Seller Sold his Goods To Mr B Buyer on 01 12 2017 But Due To Some Reason That Goods is Not Accepted By Mr B and Again That Goods Is Received By Mr A on 01 03 2017 With Original Invoice Not With Debit Note My Question Is In Above Circumstances What Can Mr A Do Can Mr A Cancel Invo

Cenvat credit availment


I have purchased machinery in name of xyz but now firm is running in name of abc xyz n abc r same firm with same proprietor n same number with same business name of firm was change from xyz to abc Can cenvat credit b availed by abc though machine was purchased in name of xyz

Discussion

COMMON TOPICS NOTES

Has anybody got INDIRECT TAX COMMON TOPICS CA Final for may 2017 revision notes Please PROVIDE ME

Claiming it exemption for it refund credited to ppf account

Accidentally Last year IT Refund is credited to my PPF Account Can i show that amount for IT Exemption as investment in PPF during this year

Cenvat pass-on

Can a third state dealer Pass on the Cenvat Credit to the Manufacutrer For Example X dealer is purchase goods from Manufacture and sell to Y dealer and then Y sell the same goods to Z dealer and finally Z sell the same goods to A who is manufacturer and A use same goods to manufacture the product an

Credit card used by a friend how to show that while tax filing

Hi I have a credit card with 3L limit and its generally used by my friend on an average of 2L per month Then he pays it directly to my card I don t prefer that same to get transfer into my bank accounts Roughly it gets to 18 20L per year I am a salaried person working with a private company My salar

AUDIT SEBI(LODR) NOTES

Does anyone has SEBI LODR handwritten notes by Pankaj Garg sir specially aldine current batch students

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Cash credits and its treatment under income tax act, 1961


CASH CREDITS UNDER INCOME TAX ACT 1961 Section 68 of the Income Tax Act 1961 provides that there has to be credit of amounts in the books maintained by the assessee that such credit has to be of a sum during the previous year and that the assessee offers no explanation about the nature and source of


Credit not to be reversed when inputs shown as scrap at lesser value and not written off


We are sharing with you an important judgment of the Honble CESTAT Mumbai in the case of Autoline Vs Commissioner of Central Excise Kolhapur 2017 1 TMI 297 CESTAT MUMBAI on the following issue Issue Whether reversal of Cenvat credit is required on the inputs which are shown as scrap value of such in


Input Tax Credit under GST


Introduction As we all know that GST is going to be the biggest tax reform in the country since independence A much highlighted characteristic of GST is the seamless credit flow across the nation due to which a dealer will not have to worry about the source from where he will purchase the inward sup


Audit Amendments Notes for May 2017 Exams


CA IPC Audit Amendments May 2017 Amendments Company Audit I Sec 139 to Sec 148 1 Sec 139 Rotation of Auditor Old Provision Provided also that every company existing on or before the commencement of this Act which is required to comply with the provisions of this sub section shall comply with the req


Decoding GST- Input tax credit of CGST, SGST AND IGST


Goods and Service Tax has brought the ray of hope of increased revenue for Government and elimination of cascading effect of multiple taxes and simple tax structure for assessees GST has now become a reality and it will finally be implemented with effect from July 1 2017 With only less than 6 months


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Updated on : 3/19/2017 7:41:20 PM


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