cenvat credit summary

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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

Nomination for Membership at the International Accounting Standards Board


International Accounting Standards Board IASB is seeking applications for vacancies in the Board A IASB position summary The International Accounting Standards Board is the independent standard setting body of the IFRS Foundation Members of the Board represent the best available combination of techn

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

Extension of time for CEP Credit Hours for renewal of COP


Dear Members As you are aware that in case of members holding Certificate Of Practice COP as per the Guidelines for Mandatory Training for all Members of The Institute under Continuing Education Programme it is mandatory to undergo minimum mandatory training of 15 hours per year commencing from 1st

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Experts Opinions

Cenvat credit


Dear sir Ma am 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 Please clarify following point if possible 1 Whether if he export outside India got the Duty drawback 2 whether if will availed cenv

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

Discussion

Cenvat

We are importing and reselling the goods in India my question is How to claim Customs duty What is use of CENVAT for an importer

Cenvat credit of special cvd

Dear experts We are dealers in plastic raw material While importing we pay additional duty 019 2006 customs of four percent u s3 5 of customs tarriff act While this material is re sold to local manufacturer on payment of VAT we transfer the said special CVD 4 duty to customers along with Countervail

Service tax credit

Can i take input credit of prepaid mobile or internet recharges

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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File Download

  • CA Final DT_Transfer Pricing Summary Booklet

    CA Final DT Transfer Pricing Summary Booklet covering all concept of international transactions SDT APA Safe Harbour Rules Range concept alongwith practical illustrations
  • Service tax negative list summary

    plz find summary of negative list
  • Service Tax Case Law Summary

    Since case laws summary book is issued for a year Pl don t ignore considering old bcoz May 2016 is mentioned Those students who could not refer to the case laws yet or want a last minute summary at their disposal can take help from this BUT KEEP ICAI CASE LAW BOOK WHILE REFERRING THIS TO AVOID ANY AMBIGUITY
  • Customs Case Laws Summary

    Since case laws summary book is issued for a year Pl don t ignore considering old bcoz May 2016 is mentioned Those students who could not refer to the case laws yet or want a last minute summary at their disposal can take help from this BUT KEEP ICAI CASE LAW BOOK WHILE REFERRING THIS TO AVOID ANY AMBIGUITY
  • GST Registration Process

    Summary of Procedures and Documents required for registration on GST Portal by the State VAT Dealers

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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


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


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


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Updated on : 12/1/2016 12:26:10 AM


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