Dear friends,
Please provide your inputs respect of reversal of Cenvat credit, availed on capital goods, at the time of retirement of asset:

Case1: Capital Asset (useful life 4 years) is retired within 1 year of its acquisition?

Case2: Capital Asset (useful life 4 years) is retired after 2 years but less than 4 years?

Case3: Capital Asset (useful life 4 years) is retired after its useful life i.e. 4 years?

As per second proviso of Rule 3(5) of Credit Rules: "Provided also that if the capital goods, on which CENVAT Credit has been taken, are removed after being used, the manufacturer or provider of output service shall pay an amount equal to the CENVAT Credit taken on the said capital goods reduced by 2.5 per cent for each quarter of a year or part thereof from the date of taking the Cenvat Credit".

What will be impact of this proviso in above mentioned cases?

whether the Market Condition,downfall,inflation,Economy,Unemployment all these Constraints impact on CA FINAL result????

i'm a CA final student, il be eligible to write my final exam in nov 2010, i've taken CS also and my CS inter exam is on june 2009,
i'm quite sure il get a rank if i study for 6 months for CS inter, and i've gone through CA final syllabus i find it very vast,
i'm very much confused whether to start CA final preparation or wait till june 2009 till the CS inter gets over??
does having CA and CS certificate makes difference?

my client business of garments etc.purchaser give free Shirt but my client free goods sale on M.R.P. through Bar coad.sopose purchaser name Aditya birla novo ltd give free goods through invoice and sale M.R.P.PLS Tele me accounting entry in books.

- my client gold jewellary business 24k gold purchase from kolkata & macking 22k jewellary made at kolakata.sapose 24k gold purchase 10.06.2008 & macking jewellary 20.06.2008 .macking jewellary received 23.06.2008 at varanasi shop & received godds intimation vat department 24.06.2008 in 31 form. accounting entey kis date me karege pls tell me .urgently

We have Decentralised billing system and separate accouting for our branch in various states.

whether as per the provisions of service tax it is "COMPULSORY" to take separate registration for each brach

I have sold One Property resulting in a gain of Rs.500000.00 in Oct 2008

Do i have to pay Tax on Rs. 500000.00

What can be done do minimize the taxSUMIT

a pvt coy is winding up voluntarily.so just wanted to know as to how to close the accounts and the various other procedure involved in it

what is the difference between Tax Invoice & Sale Invoice?

wht u mean by foreign usance discount bill purchase(FUDBP)
and foreign discount bill purchase(FDBP)