cenvat credit notes

News

RBI Announces Measures to Manage Liquidity Conditions


With the withdrawal of the legal tender status of 500 and 1 000 denomination bank notes hereafter referred to as Specified Bank Notes SBNs beginning November 9 2016 there has been a surge in deposits relative to the expansion in bank credit leading to large excess liquidity in the system The magnitu

No over the counter exchange of old notes from today


After due consideration of all relevant aspects the Central Government takes various decisions relating to certain operational aspects of the Scheme relating to cancellation of legal tender character of old Rs 500 and Rs 1000 notes No over the counter exchange of old Rs 500 and Rs 1000 notes after m

Steps taken by govt to promote digital payments


The Central Government takes various decisions for the benefit of farmers in the current Rabi Season and to promote digital payments in the economy Following the cancellation of legal tender character of old Rs 500 and Rs 1000 notes a number of measures have been announced by the Union Government ta

PM invites views from the people on demonetisation on his app


The Prime Minister Shri Narendra Modi has invited views from the people on the recent decision taken by the Union Government regarding currency notes of Rs 500 and Rs 1000 People can submit their views through a survey consisting of 10 questions which is available through the Narendra Modi App Shari

Demonetization: Queues Getting Shorter


Demonetization Queues Getting Shorter Farmers allowed to buy seeds in old currency notes Prime Minister Narendra Modis bold move to demonetize highvaluecurrency notes to curb black money and corruption signals his resolve to take on high and mighty ignoringpoliticalminefield When the Prime Minister

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Experts Opinions

Dealer -not a manufacturer- credit of cen-vat paid on goods


respected sir it is made clear in revised gst draft act that first stage or second statage dealer not manufacturer can get credit of cen vat paid goods which are held in stock on 01 04 2017 please discuss the issue

Income tax on co operative credit society ltd.,


Sir Ours is a co operative credit society got registration with co op dept Govt of Karnataka Our nature of business is to lend the advance loans to its members and accepting deposits from its members purely During the Assessment year 2014 15 our Society has earned a net profit of Rs 52 Lacs therein

Cenvat credit & duty drawback


Dear sir Ma am I m Final CA student now doing in Job in one Charted Accountant office now got the and first assignment in Related to Indirect tax Client is register under the Importer under Rule 9 main business in trading the good all goods import from the outside india and sale in local or Export P

Cenvat credit, bill before six month


Dear Sir can I take cenvat credit of service tax bill prior six month Regards

DRAWAL OF CASH THROUGH CREDIT CARD


Sir If i draw cash above Rs200000 in a year by Credit card dose it fall under AIR Rule or it will be treated as loan for that financial year

Discussion

Tax rate on unaccounted disclosed income in the form of old currency notes

Some people are thinking why the governmenthas introduced the new tax rate of 50 on black money deposited in the form of old notes when the entire value of those currency notes would have come to the government if not deposited by those who hold them Let me explain If this tax structure on black mon

Service tax credit

Can i take input credit of prepaid mobile or internet recharges

Old notes ban.. does it mean to stop doing business????

banning old notes does it really mean to stop business PLZ REPLY THANKS

Cenvat - registration

Hi Please share the CENVAT registration procesures Ragards Murali

Credit card

credit card discount recd is it income or not

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Articles

Illustrative explanation for cross utilization of credits under GST


The Law allows utilization of credit of one component of tax against the other in different situations with the exception of utilization of CGST for SGST and vice versa the Government has taken this bold step and so needs to do a lot of background accounting to keep the respective accounts of CGST S


Guidelines for replacement of Rupees 500 and 1000 notes


Guidelines for replacement of existing Rs 500 and Rs 1000 notes with new notes and to understand the procedure of scheme and relevant provisions of Income Tax 1 In terms of Gazette Notification No 2652 dated November 08 2016 issued by Government of India Rs 500 and Rs 1 000 denominations of Bank Not


FAQ on withdrawal of high denomination notes


Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of 500 and 1000 Updated as on November 28 2016 Updated as on November 28 2016 Updated as on November 25 2016 Updated as on November 23 2016 Updated as on November 22 2016 Updated as on November 21 2016 Updated as on


Notes of Rs 500 and 1000 discontinued


1 Notes of 500 1000 banned from 09 November On 8th November Central Government declared that notes of existing series of denomination of Rs 500 and Rs 1000 shall cease to be legal tender from the 9th November 2016 2 Using of such notes for specified transactions Further Central Government hereby dec


Opportunity to claim missed out credits from April 2015 - Pre GST


The industry as such is looking forward to migrate to GST by April 2017 However in India the ground reality is that there are several segments of businessman Segment A Very diligent and forward thinking who have already done or in process of getting a GST Impact Study done Segment B Waiting for the


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Updated on : 11/30/2016 5:23:10 AM


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