excise duty applicability


Rs 1.37 Lakh Crore of tax evasion detected by search and survey in last 3 years

Department of Revenue Ministry of Finance achieves phenomenal success towards eliminating Domestic Black Money in last three years 23064 searches surveys have been conducted Income Tax 17525 Customs 2509 Central Excise 1913 Service Tax 1120 More than Rs 1 37 Lakh Crore of tax evasion has been detect

Extension of banking hours on 31st March

Circular No 205 3 2017 Service Tax F No L37 155 2 012 Service Tax Part Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Service Tax Wing New Delhi dated the 27th March 2017 To All Principal Chief Commissioners Chief Commissioners of Central Excise Ser

CBEC renamed as Central Board of Indirect Taxes and Customs (CBIC)

FM approves the re organisation of the field formations of the Central Board of Excise Customs CBEC for the implementation of Goods Services Tax GST CBEC is being renamed as the Central Board of Indirect Taxes Customs CBIC after getting legislative approval Reorganisation of the field formations of

Cabinet abolishes cesses and surcharges in Custom and Excise to facilitate GST implementation

Cabinet approves Amendment of in the Customs and Excise Act relating to abolition of cesses and surcharges on various goods and services to facilitate implementation of GST Regime Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the following proposals i Amendment to the C

Payment of Wages by cheque or crediting to bank accounts

The present wage limit for applicability of the provisions of the Payment of Wages Act 1936 is Rs 18 000 per month The Act has been amended by Payment of Wages Amendment Act 2017 effective from 28 12 2016 to enable the employers to pay wages to their employees by a cash or b cheque or c crediting to

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Experts Opinions

Arrears excise duty of rule 8 payment from cenvat credit

I have received a notice that we can not pay the Arrears Excise Duty under Rule 8 from utilizing of Cenvat Credit Please help me this May we need to pay it from Cenvat Credit or through PLA Letter as below I have receive Subject Irregular payment of duty as default payment reg On scrutiny of ER 1s f

196 applicability

A society is established under the Ministry of Environment Forests Government of India also registered u s 12AA of Income Tax Act for sustainable coastal management In course of its research activities it has also various receipts from Private organisations for undertaking projects w r t coastal man

Refund Under Central Excise Hit by Time Limitation.. ???

My acquaintance filed a Refund claim of Central excise in year 2013 which was as per provisions os Sec 11B of Central Excise However the department returned the claim with deficiency memo in 2013 only Meanwhile the file so returned got misplaced resulting default in resubmission of claim Recently th

Applicability of tax audit

Dear Experts in AY 2017 18 my proprietary concern s turnover is 2777812 and Net profit is 102312 which is below the 8 pls tell me since the net profit is below the 250000 so in this scenario weather tax audit u s 44AB will be applicable or not Thanks Varun

gst registration applicability

If a proprietor is non existing tax payer and his turnover exceeds 20 lakhs is it compulsory for gst registration if yes then how he will get provisional id and password


Tobacco products and excise implications

Dear All As you know under GST regime Tobacco products falling under Excise as well as GST Concept of Excise Trader i e First Stage Dealer and Second Stage Dealer still continue in GST regime If exists what will be the impact of GST Invoicing will both Rule 11 invoice and GST invoice are applicable

Utilization cenvat credit for arrears excise duty rule 8

I have received a notice from Excise Department that we can not pay the Arrears Excise Duty under Rule 8 from utilizing of Cenvat Credit Please help me regarding Arrears Excise payment under Rule 8 of Central Excise Act 2002 May we need to pay it from Cenvat Credit or through PLA Letter as below I h

Credit in gst of excise duty paid by a trader

A trader purchases directly from the manufacturer the manufacturer charges excise duty as well as VAT in the invoice Till now the dealer used to take credit of VAT and excise duty was treated as an expense In GST Whether the person will be eligible to avail credit of the excise duty if yes under whi

Professional tax applicability

Dear Sir I would like to know know how much Professional tax rate of percentage would be applicable for 1 Educational institute franchise institute of fashion technology 2 Franchise dealer for a branded spectacles showroom the franchise owner having 2 showrooms at different places for the same brand

Applicability of gst

Dear Sir please guide is a GST applicable for Transportation of perishable cargo

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File Download

  • Valuation Under Excise - Summary

    Contains 100 valuation chapter of Excise in shortest way possible For May 17
  • Service Tax on Penalty/LD and Bond Money or Notice Pay

    Applicability of Service Tax
  • CA Final IDT Flow charts May 2017

    Flow charts for CA final on Service tax excise and customs and summary notes for may 2017 File is opened in Acrobat X or above Load in mobile tab ipad PC read and enjoy If you want a print get a help from ur office or parents office This a free notes All rights reserved Copying the content and using for commercial purpose is strictly prohibited Feed back and comments can be mailed Good luck CA N Rajasekhar FCA Chennai
  • E-Book on Union Budget -2017 Analysis of Income Tax Proposal

    I am glad to present you an E book on Union Budget 2017 An Analysis of Income Tax Proposals for Layman as well Tax Practitioners This e book contains proposals of this budget and in addition to that references to relevant sections sub sections clauses sub clauses provisos etc which are inserted or substituted or otherwise amended along with their applicability dates Further certain comments are given regarding some controversies and loopholes in budget proposals I hope this e book will help you to comprehend this budget in most effective and simple manner Kindly go through the Disclaimer given on last page of this e book before making use of this booklet in any manner whatsoever With Warm Regards CA Tejas K Andharia B COM F C A D I S A ICAI D I R M ICAI Bhavnagar Gujarat Email tejasinvites gmail com
  • Procedure Exports, EOU, SEZ Sales

    Excise procedure in brief for Exports EOU Sale SEZ sale without payment of duty

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GST Simplified Series 1: Concept, Scope & Applicability

We are pleased to share that we have launched Series GST Simplified wherein we would attempt to explain nitty gritty of GST in most lucid manner through write ups presentations and videos Series 1 explains Concept levy scope applicability of GST Before discussing GST Let s first understand the exist

Applicability of Audit

Mandatory Audit All the major audits are discussed below in this article It will be helpful to the readers to establish which all type of audit is mandatorily applicable to him I have tried to make this article very easy to understand 1 Tax Audit Tax Audit is mandatory under section 44AB of Income T

GST Migration for Excise and Service Tax assesses to start from 5th and 9th Jan 2017

In series of events to witness the GST light of the day enrolment of existing registrants in indirect taxes was made open for the assessees presently registered with State Tax or VAT in Puducherry the first in the Country along with Sikkim from November 8 2016 On the same day GST System Portal www g

An evening conversation of GST applicability on sale of repossessed assets by banks

What is the issue of sale of repossessed asset is not clear under GST too Jyoti said just before we reached to the home Hi I am Akhil Chawala Chartered Accountant by profession I am working as an Advisory officer on Indirect Taxation matters at LMC Associates Thank you for reading this short story o

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

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Updated on : 4/26/2017 10:11:13 AM

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