cenvat notes


RBI to release new notes for Rs 20 and Rs 50 soon

Issue of Rs 20 banknotes with the inset letter L with numerals in ascending size in number panels and without intaglio printing The Reserve Bank of India will shortly issue Rs 20 denomination banknotes in the Mahatma Gandhi Series 2005 with inset letter L in both the number panels bearing signature

Bank official suspended for not following RBI guidelines

Action taken in cases of bank officials involved in carrying out irregular transactions violative of RBIs instructions post demonetisation of Specific Bank Notes by the Government w e f midnight of 8th November 2016 Pursuant to the decision of the Government to demonetise Specified Bank Notes w e f

POS Devices exempted from Central Excise Duty till 31st March

Point of Sale POS Devices and Goods required for their manufacture exempted from Central Excise Duty till March 31 2017 The Government has demonetised the currency notes of Rs 500 and Rs 1 000 with effect from mid night of 8th 9th November 2016 Along with this the Government has also laid increased

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

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A is manufacturer and B is dealer And c also a manufacturer Khuda mere sold goods to B 500 unit 100Rs Excise 12 education cess 2 secondary Education cess 1 vat 4 And B sold to c 500 200 Rs What will be the journal entry for sales and purchase In the books of B Dealer What will be the entry for Deale

Cenvat credit transferred in case of amalgamation

Dear Sir Company A has acquired unit B of company C and also taken cenvat credit of unit B under rule 10 1 of central excise rules as on 01 12 2016 Old excise registration of unit B under company C is cancelled and new excise registration of unit B under company A is taken Request to inform In case

Kamal garg law and auditing class notes for may 2017

Hai dear friends Any of you taken coaching from kamal garg sir i need law and auditing class notes of kamal garg sir for my prepartion please share with me if taken means thanks a lot in advanc

Cenvat credit


Cenvat credit of cvd against service tax

We are importing GPS Devices and after import we sale them and charge vat on that devices and we are giving software service also Can we adjust CVD on import of devices against service tax which we have charge on software services Please suggest


Cenvat credit on keyman insurance premium

Our company is paying keyman insurance premium for director who is not employee or not getting director remuneration Can we take inpout credit of service tax paid on such premium

Input/cenvat credit ragister?

Dear Sir Mam What kind of register will be use for excise while we are trading goods of excise able products Regards Apul

Cenvat credit of capital goods

by mistake i forgot to claim 50 CENVAT credit of Capital goods in ER1 then any solution is there for availing the same


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

cs professional 1st group notes/suggestive reference

hey guysanyone having Cs professional notes kindly e mail at mayanknehalani gmail comor suggest some good references for the same available in the marketty

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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 old Bank Notes in the denominations of 500 and 1000 Updated as on December 05 2016 1 Why is this scheme introduced The incidence of fake Indian currency notes in higher denomination has increased For ordinary persons the fake notes look similar to genuine

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

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

Grey areas - Cenvat credit on Krishi Kalyan Cess (KKC)

In budget 2016 17 the Government has introduced a cess called as Krishi Kalyan Cess KKC which will be used for financing and promoting agricultural sector KKC will apply at the rate of 0 5 on value of taxable services rendered on or after 1 6 2016 Unlike Swachh Bharat Cess SBC the Government has mad

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Updated on : 12/6/2016 5:22:12 PM


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