Dear sir,
We have started business with VAT/CST Registration and wants to go for Excise Registration to avail MODVAT benefits to the customers. We are purchasing material from the manufacturer as well as the traders due to material availability.

My Queries are :

1. What is first stage dealer and second stage dealer registration or invoice ? Which registration (first or second stage) will serve our purpose ?

2. Can we pass on MODVAT benefit to our customers if we purchase it from the second stage dealers ?

Please also provide standard formats for Tax Invoice-cum-Challan.

Thanking you,

Sir What is the procedure to reverse the cenvat credit wrongly taken in ER1 . Our company only availed the cenvate credit n still not utilize .

Sourabh
8092996201

We are running food and beverage business I.e Restaurant, but I dont know any about taxes applicable ,when it becomes aapplicable, what are ways to avoid it..
Please help me. .

we are manufacturing unit we purchased materials from local vendor by paying Duty

But we have not taken Input cenvat Credit on this supply? after processing the goods we exported under LUT but can we claim rebate for this supply?

ONE OF MY CLIENT IS MANUFACTURER WHO AVAILS SSI EXEMPTION. THIS YEAR 2013-14 IS FIRST YEAR OF PRODUCTION SO TURNOVER UPTO 1.50 CRORE NO EXCISE DUTY PAYABLE.

1. WHETHER IN TURNOVER 1.50 CRORE JOB WORK CHARGES INCLUDED?

2. UPTO 1.50 CR NO EXCISE DUTY PAYABLE ON SALE VALUE SO ON JOB WORK WHAT TAX PAYABLE? VAT OR S.T? OR ONLY JOB CHARGE BILL WITHOUT ANY TAX?

3. AFTER 1.5 CR SALES EXCISE DUTY WILL BE CHARGEABLE TO ALL SALES AND JOB WORK BILLS?

Kindly Possession means ownership/ control/tenure/custody.

When tools & spares gets lasted/used out during its usage within 4 to 5 months from the date of taking input, whether balance 50% of its credit could be taken in subsequent years/whether such goods can be capitalized.

Please some body tell me every think of PLA how to maintain it
what is the procedure for it and
what are Journal entries we have to made


please tell with practial example

We are developing a residential plotting scheme. We will plan to buy a paver block making machine. We produce paver and used into road.

Whether it amounts to excise under captive consumption.

Currently we purchase ready made paver from outside and used into roads.

i am manufacturing pvc pipes and paying exercise duty on the same. I am also assembling/manufacturing hand pumps for which pvc pipe is a raw material. Now, i am maintaining separate books of account for pvc pipes used in hand pumps and not paying duty on that as excise is exempted on hand pump and its part.(http://www.cbec.gov.in/excise/cx-act/notfns-2k6/cex0606.pdf)

Is it technically correct for me to do so?

we are Manufacturing Unit manufactures Textile machines?

our customer has given EPCG license can we supply the material without Charging of duty?