excise duty applicability

News

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


TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART II SECTION 3 SUB SECTION i GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS Notification No 18 2017 Service Tax New Delhi the 22nd June 2017 1 Ashadha 1939 Saka G S R E In exercise of the powe

Applicability of insolvency and bankruptcy code in Corporate law exam


Important Announcement for Final Course students Sub Applicability of Insolvency and Bankruptcy Code 2016 in the Paper 4 Corporate and Allied Laws for November 2017 Examinations The Council has approved the inclusion of Overview of the Insolvency and Bankruptcy Code 2016 for 10 Marks for November 20

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

An overview of GST


CENTRAL BOARD OF EXCISE CUSTOMS GOODS AND SERVICES TAX GST 1 Benefits GST is a win win situation for the entire country It brings benefits to all the stakeholders of industry government and the consumer It will lower the cost of goods and services give a boost to the economy and make the products an

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

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Experts Opinions

Tds applicability


One of my client s T O for f y 15 16 was below 1cr now for f y 16 17 T O is above 1cr and going u s 44AD n not going for Audit due to limit of 2cr Now is he liable to deduct TDS for f y 17 18

Applicability of ind as


I have a query regrading applicability of IND AS A company which is listed outside india having indian subsidiary which is not listed and also net worth is less than 500 crore than indian subsidiary is required to make the financial statements as per IND AS on the basis of parent company which is li

Applicability of gst in most cases


Dear Sir Madam It appears that except in case of exempted products services GST is applicable in almost all cases If a small trader has turnover of say Rs 5 lakh per annum though he is not directly liable to pay GST the buyer is required to pay GST under reverse charge method In other words there is

Duty rate


Dear sir We are the manufacture of Control and Relay Panel under Chapter No 85371000 For Control and Relay panel 85364900 for Relays 85361010 for Spares Kindly confirm the GST Tax rates for the same Regards Ravi

Duty draw back on receipts basis


Dear experts one of our clients is a exporter has offered the duty draw back received during the year for income tax but the duty draw backs sanctioned by the DGFT is more than that of received in the particular year ie assesee is offering the duty draw back under the receipts basis as and when it r

Discussion

Itc on closing stock as on 30 jun for excise free unit

Sirs We will be holding closing stock of Goods manufactured in himachal pradesh where currently excise is exempted we have invoices for goods supplied by their distributor which shows no excise9dsitributor is not an excise dealer will these goods e eligible for ITC under GST from July 1

applicability of composition scheme​

is composition scheme applicable to dairy if yes no why

tax applicability

what will the limit of exemption because the 9 months remaining only for this year and should we pro rata the exemption limit upto 15 lakh i e 75 of 20 lakhs

Applicability

gst is applicable for Ca Ipcc nov 2017

Please specify vat applicability on photo frame in gujarat

VAT applicability on photo frames in Gujarat Please guide

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  • 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
  • Works Contract under GST

    Definition of Works Contract Input Tax credit TDS provisions under CGST Act Applicability
  • Custom Duty Calculation

    Excel calculator which can help to us for Custom duty calculation
  • CGST#001 : Section 1 of CGST Act, 2017 Detailed Analysis

    A DETAILED ANALYSIS ABOUT SECTION 1 APPLICABILITY OF CGST ACT 2017

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Articles

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


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


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Updated on : 6/25/2017 9:29:11 AM


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