custom duty calculation


ST return for April to June to be submitted by 15th August


Declaration of GSTIN in Custom documents mandatory from 1st July

Declaration of valid GSTIN in Customs documents BE SB would be mandatory w e f 0000 hrs of01 07 2017 the likely implementation date of GST to avail IGST credit on Imports or GST refund on exports The declared GSTIN would be validated for correct IEC PAN linkage Accordingly during GSTIN registration

GST will help evolving India become a very strong society says FM

The Union Finance Minister Shri Arun Jaitley Goods and Services Tax GST is an efficient tax system which not only checks tax evasion but also helps evolving India to become very strong society FM inaugurates the National Academy of Customs Indirect Taxes and Narcotics NACIN Campus in Bengaluru today

Increased availability of credit in GST to reduce cost of Telcos

After GST regime telecom companies would be required to re work their costing and credits availability and re jig their prices and ensure that the increased availability of credit is passed on to the customers by lowering their costs Telecommunication services presently attract Service Tax of 14 alo

ST return last date extended to 30th April

F No 137 99 2011 Service Tax Government of India Ministry of Finance Department of Revenue Central Board of Excise Customs Service Tax Wing New Delhi dated the 25th April 2017 ORDER NO 1 2017 Service Tax In exercise of the powers conferred by sub rule 4 of rule 7 of the Service Tax Rules 1994 the Ce

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Experts Opinions

Calculation of long term capital gain and investment to save

Sir yesterday on 22 6 2017 I enquired about calculation of long term capital gain and suggestions for investments to save income tax But my enquiry is still unanswered If there is any other formalities to fulfill pl let me know Pl help me Thank you Yours Subhash chandra sharma

Input of excise duty paid under inter-state purchase ?

Excise duty paid under inter state purchase shown separately in Invoice is available for Input or not for Jewelry retailer

Hra calculation

Sir I want to calculate computation of income form salary i have a doubt in HRA calculation Bengaluru is metropolitan city or not

Basic salary put rs.4000 for pf calculation

Dear all Sir I am confuse regarding basic salary my salary is Rs 35000 and here is following salary structure of my salary SALARY STRUCTURE ARE AS FOLLOW Salary Nature Amount Rs Basic Salary 4 000 00 Dearness Allowance 12 000 00 House Rent Allowance 10 000 00 Transport Allowance 5 000 00 Education A

calculation of capital gain

Are all the expenses allowed in calculation of capital gain u s 54GB


Custom Duty

Any provision made for Custom Duty

Calculation of Tax on sales

I am a trader in Bihar I purchased a material from West Bengal for 1 00 000 paid IGST 18 18 000 I paid freight for transporting 5000 No Now the total cost of this material is 1 23 000 Now I am resaling this material in Bihar for 1 30 000 Now I want to know that how much rupee I will charge as Taxes

Deperection calculation

Particulars AMT Deperection Factory Bulding 1906383 DEP 117619 Electric installation 311678 DEP 96343 Plant Machinery 1479082 DEP 1031059 Vehicles 117929 DEP 40668 Equipment 53739 DEP 7990 Please Deperection Calculation Datail Straight Line Methode Read more at http www caclubindia com experts deper

Customs procedure

In a Company In India one of the Machinery was in repair so they want to buy a new one from abroad but it takes 4 months lead time So they planned to get the machinery from their Parent Company Inter co from Thailand up to the arrival of new one Not for rental only mutual help Afterwards that same m

Gst information collection from your customers

Web Portal to easeGST InformationCollection from your Customers and Vendors http urcinfotec com cimsgst http urcinfotec com cimsgst frmDemo aspx

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File Download

  • GST: What to do by 30th June, 2017

    Millions of traders migrating to GST from current tax regime like excise service tax and VAT are currently undergoing stress The biggest concern is the old goods lying in the store and warehouse on which the input tax of the taxes paid is to be taken in the new tax regime Create a separate file of unsold stock till June 30 and keep the purchase bill bill of entry and excise paid documents ready If any of these stock is one year old then remove it and sell it to the tax invoice within the state even if you have to pay a little bit of discount Keep your stock in different categories The goods purchased in the locality will get input credit in SGST To get the credit of CGST make separate list of duty paid and non duty paid stock If there is any kind of mismatch in your Purchase report fix it before June 30 and revise VAT returns Also make sure that the statutory forms like C Form H form I Form have been collected
  • 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
  • GST Top 10 Questions

    Example Of GST Calculation Frequently Asked Questions About GST Bill What are final GST rate slabs What are CGST SGST and IGST What are the differences between the UPA s GST and the NDA s GST What are the taxes that GST replaces What will be the short term impact of GST When will GST be implemented What is a constitutional amendment What are the finer points in the implementation of the bill What is the Empowered Committee What will become costlier and cheaper
  • Custom Duty Calculation

    Excel calculator which can help to us for Custom duty calculation
  • Statutory bonus amount under Amended Payment of Bonus Act

    Statutory bonus amount calculator under Amended Payment of Bonus Act calculate amount payable for all employees as per the act After amendment calculation has become tricky and with the help of this template you can make it easy for multiple employee PM me for any doubt and help

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Major differences Between Excise Duty and GST

Arjuna Fictional Character Krishna by subsuming indirect taxes such as Excise VAT Service Tax etc the GST is coming What will happen if there will be an IPL match played between Excise and GST Krishna Fictional Character Arjuna GST law is framed by incorporation peculiar provisions of all indirect t

Convertible Bonds Calculations - Equity & Liability portion - Ind AS/ IFRS

Many of our readers requested to share actual calculation and the process to bifurcate any convertible bonds between Equity Liability and its related Journal Entry Let s refer some relevant guidance reference related to these kind of convertible bonds and its related calculation as mentioned in acco

Guidelines for launching of prosecution by custom department

In pursuance of Circular No 27 2015 Customs dated 23 10 2015 further amended vide Circular No 46 2016 Customs dated 04 10 2016 and revising the guidelines issued vide order No 394 71 97 CU S AS dated 22 06 1999 by Custom department issue guideline for launching of prosecution in relation to offences

Investment subsidy by State Govt. - Whether excise duty is payable

State governments offer incentives for setting up industries in the Backward regions and generating employment The eligible amount of subsidy is determined and capped as per capital invested and employment generated by aunit The subsidy to be granted is determined also on the basis of VAT CST deposi

No Excise Duty w.e.f. 16.09.2016 - Aye or Nope

Validating Constitutional backing of Central Excise and Service Tax Prelude Model GST law is in public domain since June 2016 President has given his assent to 101st Constitution Amendment Act 2016 giving Central and State Govts power to levy GST on 08th September 2016 However till then there was no

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Updated on : 6/23/2017 5:15:44 PM

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