cenvat notes

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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

Updated FAQ on withdrawal of old bank notes


Withdrawal of Legal Tender Character of the Old Bank Notes in the denominations of 500 and 1000 and The Specified Bank Notes Cessation of Liabilities Ordinance 2016 Updated as on January 04 2017 1 Why was the Scheme of Withdrawal of Legal Tender Character of the old Bank Notes in the denominations o

Ordinance on cessation of liabilities of old notes


MINISTRY OF FINANCE Department of Economic Affairs NOTIFICATION New Delhi the 30thDecember 2016 S O 4251 E In exercise of the powers conferred by clause b of sub section 1 of section 2 read with clause i of sub section 1 of section 4 of the Specified Bank Notes Cessation of Liabilities Ordinance 201

Date for deposit of old notes extended for citizens who were abroad


RBI introduces Facility for Citizens and NRIs who were Abroad for Exchange of SBNs The Reserve Bank of India has introduced afacility of exchange of specified bank notes SBNs to give an opportunity to Indian citizens and non resident Indian NRI citizens who were abroad during November 9 2016 to Dece

President approves the Promulgation of the Specified Bank Notes


The President of India approves the Promulgation of the Specified Bank Notes Cessation of Liabilities Ordinance 2016 today The President of India has approved the promulgation of the Specified Bank Notes Cessation of Liabilities Ordinance 2016 today i e on 30thDecember 2016 The Ordinance is a follow

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Experts Opinions

Cenvat taken


can we take service tax input on repair and maintaince of machinery or machinery parts which used in production purpose in manufacturing unit

Cenvat credit


dear experts i would like to know cenvat credit rules related to work contract service one of company paid 50 service tax on work contract service since the company was service receiver from a individual contractor can company claim input tax credit against their service tax liability the next month

Cenvat credit on input services - construction service


One of my Client is a Private Limited Company engaged in construction of Flats and Sell them The Company takes abatement and pays service tax 30 of 15 i e 4 5 including the value of land Whether the company can take CENVAT credit on input services like architect services Service tax paid on painting

Cenvat credit on capital goods not put to use


Can we avail Cenvat credit on capital goods not yet put to use Please Clarify

Irregular utilisation of cenvat credit for payment of gta


Cenvat Credit was utilized for payment of service tax on Goods Transport Agency Service from April 2015 to September 2016 What is interest and penalty for irregular utilisation and how to reverse it

Discussion

Cenvat on capital goods for ssi units

A SSI unit paid Rs 10 lakhs for capital goods purchased in March 2014 The Unit crossed the limit of 1 5 crores in Jan 2015 Till Jan 2015 the Unit has filled nil quarterly return for previous3 quarters of 2015 2016 and hence no information is given to Excise Deptt regarding duty paid on capital goods

Treatment of cenvat credit on short receipt of goods

Respected all In case of first stage dealer while purchase of goods goods are short received in the factory premises though invoice was raised with full amount now whether 1 Debit note should by receiver be raised along with the amt of excise duty or only with basic value 2 Whether the cenvat credit

Treatment of cenvat credit on short receipt of goods

Respected all In case of first stage dealer while purchase of goods goods are short received in the factory premises though invoice was raised with full amount now whether 1 Debit note should by receiver be raised along with the amt of excise duty or only with basic value 2 Whether the cenvat credit

Cenvat credit on service tax of business auxiliary services

Dear expert We done job work for the party and for that we raise job work invoice with service tax so my query is can we avail service tax paid on Business Auxiliary services as Cenvat Credit like Good Transport Agency GTA service tax Please guide reply Thanks in advance Aashish Padol

cenvat

guys plz share with me I m transporter availing abatement now what will be cases of cenvat

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Articles

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


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 and The Specified Bank Notes Cessation of Liabilities Ordinance 2016 Updated as on January 04 2017 1 Why was the Scheme of Withdrawal of Legal Tender Character of the old Bank Notes in the denominations o


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


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Updated on : 1/15/2017 9:41:09 AM


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