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cenvat credit notes


Withdrawal of two Guidance Notes on Accounting

The Council at its 359th meeting held on September 16 17 2016 has decided to withdraw the following two Guidance Notes on Accounting as the same are no longer relevant in the present day context GN A 9 Issued 1994 Guidance Note on Availability of Revaluation Reserve for Issue of Bonus Shares GN A 20

Applicability of Amendments for Nov 2016 Final Exams

Applicability of Standards Guidance Notes Legislative Amendments etc for November 2016 Final Examination Paper 1 Financial Reporting I Framework for the Preparation and Presentation of Financial Statements II Accounting Standards AS No AS Title 1 Disclosure of Accounting Policies 2 Valuation of Inve

Applicability of Amendments for IPC Nov 2016 Exams

Applicability of Standards Guidance Notes Legislative Amendments etc for November 2016 Intermediate IPC Examination Paper 1 Accounting Accounting Standards AS 1 Disclosure of Accounting Policies AS 2 Valuation of Inventories AS 3 Cash Flow Statements AS 6 Depreciation Accounting AS 7 Construction Co

Big Boost to Ease of Doing Business- Passing of Bankruptcy Code

Big Boost to Ease of Doing Business Passing of Bankruptcy Code Code is a comprehensive and systemic reform which will give a quantum leap to the functioning of the credit market and would take India from among relatively weak insolvency regimes to becoming one of the worlds best insolvency regimes V

Draft rules for foreign tax credit

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Subject Draft rules for grant of Foreign Tax Credit reg The Income tax Act 1961 the Act provides that the Central Board of Direct Taxes may prescribe rules specifying the procedure for grant of relief or dedu

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Experts Opinions

Cenvat credit on capital goods.

Hello All A Pvt Ltd co has factory in Non excisable Zone It is enjoying excise duty holiday from last 5 years Now as 5 years are completed of tax holiday it will be liable to pay excise My Query is 1 Can the co take excise duty credit on capital goods which were purchased in tax holiday period 2 Wha

Service tax cenvat credit

Dear Sir We are manufacturing company 1 We have paid service tax on Import service bill dt 30 06 2016 on 02 07 2016 and taken the cenvat credit for the month of June Only please confirm whether we are right or wrong 2 We are paying service tax on security charges Receiver and taken cenvat credit for

Service tax return for credit only

We have no service tax liability We have only credit on telephone bills Whether these credit should be shown in return or to file 100 blank return or a nil return

CA IPCC Service Tax and Cenvat Credit Nov 16

Sir I need Pratical Question about Services Tax and Cenvat Credit applicable for Nov 2016 of IPCC Kindly help me

cenvat credit rules amendments

need help with amendments


Service tax input credit

we are a trader a pvt ltd firm we pay service tax under reverse charge on account of freight for goods received our electricity telephone and many other such utilities is also registered in the name of the firm so my query is since we pay service tax on mobile telephone bill which is registered in t

Cenvat credit rule

reference to where an company is an Advertising Agency having some Export sales also but at the time of payment of Service Tax Company utilized 100 Cenvat Credit on common Input services like Rent Audit Fees etc Refer if any decided case laws

Pvt ltd cpmany pays credit card bill of director

Hello everyone We are a newly incorporated IT company and we do not hold any corporate credit card as if now There are lots of expense in our business which are paid in USD using only credit card for example purchase server space from Amazon We use Directors personal credit card for all these expens

Isca amendment notes

Can anyone please send me the amendment notes for isca applicable for Nov 2016

Amendment notes for isca

Hello Does anyone having amendments notes for isca For Nov 2016

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Seamless Credit in GST - A Dream?

The proforma credit for some inputs in its initial form has grown to Modvat 1987 expanded to dealers capital goods 1994 Cenvat reduced permissions intimations VAT 2003 2009 States Service Tax credit for manufacturers and excise for service providers in 2003 4 was further expansion After this for a d

Input tax credit under GST

Introduction Under GST it is envisaged that there will be seamless flow of credit from each stage from manufacturer to trader and till the last businessman in the chain making the commercial transaction wherein eventually the tax burden will fall on to the final consumer but the tax burden will be r

Cenvat credit on rent a cab

Denying of CENVAT credit on service of rent a cab is favourite to revenue officers For the period upto 01 04 2011 courts tribunals allowed the credit however with advent of specific exclusion in the definition of Input service so as to disallow the credit on rent a cab services most of the assessees

Transfer Pricing Adjustment - Interest free Credit Period and Notional Interest

Transfer Pricing Adjustment Interest free Credit Period as an International Transaction The treatment of extended credit period to Associated Enterprises AEs as an international transaction and making adjustment of notional interest on the same has always been bone of contention between the assessee

Rules for Grant of Foreign Tax Credit in India

Rules for Grant of Foreign Tax Credit in India Central Board of Direct Taxes CBDT has vide Notification no 54 2016 dated 27th June 2016 notified Rules for grant of Foreign Tax Credit FTC The said rules are applicable from Assessment Year 2017 18 onwards Earlier the CBDT had released draft FTC rules

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Updated on : 10/22/2016 7:53:12 PM


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