cenvat notes

News

Carry Forward of unavailed Cenvat Credit for natural resources


Carry Forward of unavailed Cenvat Credit in respect of assignment of right to use any natural resource under GST Cenvat Credit Rules amended so as to provide that Cenvat credit in respect of such services which remains unavailed on the day immediately preceding the appointed day may be availed of in

Disclosure of specified bank notes in auditor's report


Regarding disclosure requirement and reporting requirement in the Auditors Report that the company has provided requisite disclosures in its financial statements as to holdings as well as dealings in Specified Bank Notes during the period from 8th November 2016 to 30th December 2016 We would like to

Govt to conduct trials with plastic banknotes


Government to conduct field trial with plastic banknotes at five locations of the country Approval for procurement of plastic substrate and printing of bank notes of Rs 10 denomination on plastic banknote substrates conveyed to RBI It has been decided to conduct a field trial with plastic banknotes

FM Arun Jaitley presents the Economic Survey 2016-17


Finance Minister Shri Arun Jaitley Presented Economic Survey 2016 17 in the Parliament today Economic Survey says economic growth to return to normal as new currency notes in required quantities come back into circulation and follow up action on demonetisation is taken The CPI based core inflation r

Old notes returned figures might change says RBI


Clarification regarding Specified Bank Notes SBNs There had been various estimates on SBNs tendered in certain sections We would like to clarify that the periodical SBN figures released by us were based on aggregation of accounting entries done at the large no of Currency Chests all over the country

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Experts Opinions

Cenvat credit


Dear sir How can we get credit of excise duty charged as cenvat 60 per sq mtr in bill of marble slab purchase Please explain

Input credit from vat and cenvat


Dear Sir Can we carry forward exciting input credit of VAT and Cenvat to new system of GST

Cenvat credit time limit


Dear Sir We have till date not filed service tax return due to non payment of Service Tax Can i claim CENVAT credit on purchase following dates 10 04 2016 08 05 2016 20 07 2016 Please help Thanks Regards Jatinder

Cenvat credit utlized or not


Dear Sir We have not filed Service Tax return for the year 2016 17 till date due to non payment of Service Tax Financial Problems Please note CENVAT credit already taken in account books but not utilized due to no payment of Service Tax You are requested to please let me know can CENVAT credit utili

Cenvat credit (urgent)


Dear Sir We have not filed Service Tax return for the year 2016 17 till date due to non payment of Service Tax Financial Problems Please note CENVAT credit already taken in account books but not utilized due to no payment of Service Tax You are requested to please let me know can CENVAT credit utili

Discussion

Cenvat credit for an importer

IF an importer have CVD BED NOW he can avail cenvat credit under this act but under which section he can avail cenvat credit

cenvat on stock

I have credit balance of rupees 1000 in my VAT return file as on 30th June 2017 but in actual I have stock of rupees 50 lakh and vat thereon comes to rupees 2 lakh 4 now what amount should I get as a cenvat credit

Cenvat Input on closing stock

dear all I am registered under vat and also purchased from excisable units but not registered in excise can I take the cenvat on closing stock under gst

CENVAT credit on ST paid on freight outward under RCM

Dear all Can manufacturer avail input of ST paid on freight outward under RCM Please clarify

Claim Cenvat Credit under Transitional Provision GST

Person sales Nil rated Goods under Current Law but under GST some goods become Taxable Now please reply for claim of Cenvat Credit under Transitional Provision of the GST on Taxable and Non Taxable Goods

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File Download

  • ISCA Chapter 6 Simple Notes

    ISCA CHAPTER 6 SIMPLE NOTES for Nov 2017 exam
  • Miscellaneous Transitional Provisions - Detailed Analysis

    To watch related Video https youtu be rNEMGg7zEZs https youtu be ruPoM3ZcLY4 https youtu be y5iOt X4f5w https youtu be kbsRHPGqSEk Section 142 1 Goods Returned after Appointed Date Section 142 2 PRICE Revision Section 142 3 REFUND CLAIM Filed under Existing Law Section 142 4 REFUND CLAIM Filed under Existing Law for Export Section 142 5 Tax Paid before Appointed Date Services not provided Section 142 6 proceeding of appeal review or reference relating to a claim for CENVAT credit under Existing Law Section 142 7 proceeding of appeal review or reference relating to any output duty or tax liability initiated Section 142 8 assessment or adjudication proceedings instituted whether before on or after the appointed day under the existing law Section 142 9 return furnished under the existing law Section 142 10 Contract entered earlier Section 142 11 Tax leviable under Existing Law Section 142 12 Goods sent on Approval Basis in Previous law Section 142 13 TDS liability under Existing Law Detailed Analysis of Section 142
  • Relevant sections on advance tax

    Hello friends i am uploading a file on relevant sections on advance tax from my notes i hope you find it useful comments and suggestions are always welcome
  • Transitional Provisions - Input on Stock lying with Job worker

    To watch related Video https youtu be ruPoM3ZcLY4 https youtu be y5iOt X4f5w https youtu be kbsRHPGqSEk GST Transitional Provisions Complete Analysis of Section 141 under Goods Service Tax GST What will happen to Input on Raw Material Stock lying with Job worker on appointed date What will happen to Input on Semi Finished Stock lying with Job worker on appointed date What will happen to Input on Finished Stock lying with Job worker on appointed date Procedure to carry forward Input on Stock lying with Job worker How to carry forward Input Cenvat Credit on Stock lying with Jobworker
  • CA Final ISCA simple short notes for Nov 2017 exam

    ISCA Chapter 4 Part 2

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Articles

Carry forward of Cenvat credit on goods held in stock on appointed day


How to carry forward Cenvat Input Vat Entry tax on goods held in stock on an appointed day by existing registered Assessee to GST in 10 points 1 A registered person other than a person opting to pay tax under composition scheme shall be entitled to take credit in his electronic credit ledger the amo


Transitional Provisions relating to Credit of unavailed Cenvat credit in capital goods


As per section 140 2 of the GST Act company shall be allowed to carry forward the unavailed CENVAT credit on capital goods not carried forward in return for the period immediately preceding the appointed date The credit on capital goods shall be allowed only when it is allowable under existing law a


Cenvat credit on deposits insurance - Banks v/s Departments


Introduction Banks are registered under service tax in the category of Banking and Financial Services They collect and pay service tax on its various incomes such as commissions bank charges documentation charges processing fees etc levied on its customers However one of the major revenue earned by


Audit Amendments Notes for May 2017 Exams


CA IPC Audit Amendments May 2017 Amendments Company Audit I Sec 139 to Sec 148 1 Sec 139 Rotation of Auditor Old Provision Provided also that every company existing on or before the commencement of this Act which is required to comply with the provisions of this sub section shall comply with the req


Admissibility of Cenvat credit without Registration


When there is lack of clarity in any subject matter there is bound to be confusion This statement is more so applicable when one is dealing with a Tax Statute Across the time each law matures and litigation reduces However the litigation regarding availment of Cenvat credit of tax paid before regist


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Updated on : 6/20/2017 8:06:11 AM


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