cenvat credit summary

News

Scheme for speedy grant of refund accumulated in cenvat credit


Scheme formulated for Speedy grant of refund of accumulated and unutilised CENVAT credit to help in ease of doing business by unlocking the accumulated credit Exporters of services today accumulate CE

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Summary of the Recommendations of the Bankruptcy Law Reforms Committee


Following is the Summary of the Recommendations of the Bankruptcy Law Reforms Committee BLRC The Report of the BLRC is in two parts i Rationale and Design Recommendations ii A comprehensive draft Inso

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FM stresses on use of credit cards instead of cash


FM Stresses the need for use of more Accounted Money and Discourage of use of Unaccounted Money Focuses on use of Plastic Money such as Credit Card Rupay Card and Cheques in lieu of Hard Currency The

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Summary of Railway Budget 2015-16


No hike in Railway Passenger Fares Plan Outlay proposed Rs 1 00 011 crore increased by 52 Allocation for passenger amenities up by 67 Railways to become prime mover of Indian Economy Five years action

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FM asks bankers to work in professional manner


Finance Minister asks the Bankers to Work in a Professional Manner Without any Fear or Favour FM Directs Bankers to Increase flow of Credit to Various Sectors and take Steps to Reduce their NPA Says T

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Experts Opinions

Income tax on credit card


I have a credit card and my credit card is used by my friends relatives and colleagues to do purchases which makes my spending for more then 2 lakhs and I don t have that much income They return me th

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Regarding credit of input service


Hello I am selling cars for which I have paid to have advertisement in newspaper By advertising agency on bill amount they had charged service tax from us Now my question is whether service tax paid o

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Refund under rule 5 of cenvat credit rules


We are supplying packing bags to a rice exporter without levying excise duty through CT 1 issued to us We have huge unutilized cenvat credit of inputs used during manufacture Can we claim refund of it

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Cash repayment to sundry creditors


Sir In my books two sundry creditors are there having their amount credited more than Rs 20000 00 Can I repay them in cash on two or three dates by below 20000 00 amounts

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Cenvat credit of service tax


Sir I am a partner of a service providing firm Last month i went to a business trip to Delhi Those airway bill and Hotel bills Including service tax Can i take cenvat credit of the same

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Discussion

Time limit for carry forward of unutilised cenvat credit

What is the time limit for carry forward of unutilisted CENVAT Credit

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Urgent upvat credit query

Hi i want to know about the criteria of taking claim of input tax credit on capital goods whether the input tax credit is available fully in the year of purchase of capital goods or not as per current

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Debit and credits

The difference between the total debits and total credits in a single account is the accounts balance If debits exceed credits the account has a debit balance if credits exceed debits the account has

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Set off of customs against cenvat

i have imported AAC block machine and paid customs duty and i am into manufacturing of AAC block so my question is can i get the credit of custom paid how can i avail the credit can i avail credit of

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Packing credit with cc

I want know about packing credit Pre shipment finance given by Bank how it is benificialcompared to Cash Credit Facility How can i utilize it and the period of utilization What documents required to t

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  • Service Tax Payable under Transport of Goods on Road or goods Transport Agency service[GTA] can be paid out of CENVAT

    Service Tax Payable under Transport of Goods on Road or goods Transport Agency service GTA can be paid out of CENVAT

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  • Executive Summary

    Excel

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  • Change Order Request Summary

    Excel

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  • IT Notes & Amendments Applicable for May 2016(CA-IPC)

    Class Summary Notes Amendment Applicable for May 2016 Attempt

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  • Strategic Management Notes & Amendments for May 2016(CA-IPC)

    Class Summary Notes Amendment Applicable for May 2016 Attempt

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Articles

Eligibility of Cenvat credit on Catering services


The definition of input service under Cenvat Credit Rules 2004 has been amended drastically w e f April 2011 and because of such amendments majority of interpretations and settled positions have taken


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Confusion for Cenvat Credit on Swachha Bharat Cess


After implementation Swachha Bharat Cess hereinafter referred as SBC for the sake of brevity there is confusion in the trade industry service provider and also in the consultants whether Cenvat credit


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Admissibility of Swachh Bharat Cess as Cenvat Credit


CBEC released a FAQ on 14 11 2015 which clarified that Swachh Bharat Cess SBC shall not be available as CENVAT Credit and liability of same cannot be discharged by utilizing CENVAT Credit Q 14 of FAQ


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Credit Balance of Ed Cess & SHE Cess-Never Ending Story!


Introduction The announcement of the exemption to the levy of Education Cess and SHE Cess levied on Excise duty with effect from 01 03 2015 and that levied on service tax with effect from 01 06 2015 c


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Credit of EC & SHEC can be used for payment of Service tax


Dear Professional Colleague Credit of EC SHEC can be used for payment of Service tax With the underlying theme of setting the stage for Goods and Services Tax GST the Union Budget 2015 had proposed to


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Updated on : 12/25/2015 9:05:10 AM



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