Dear Sir

By mistake we had taken a cenvat credit in April 2012 towards the transporter copies of our vendor but in actual the material has not been received & transaction will never happened in future.

In this case we have mistakenly taken excess credit. It has been found while reconciliation. Now how can we reverse the credit? Is there any procedure to reverse the same. Also the accounting entry has not been passed in books as the tax invoice was not received.

Please help us out

Thanks

Please guide me about DBK scheme relating to exports.

Kindly suggest me how i calculate below Excise duty.

Ex.

Total Amount - 73937
Excise @12% - 8593
E. Cess @2% - 172
S&HE Cess @1% - 87
Taxable Amt. -- 82789
CST @2% (C form) - 1656

G. Total ---84445

Ajeet

Dear Sir,
kindly advise to us, how i calculate Excise duty.

Ex.1. If Total Sale Value Rs. 32091 (Exclusive Excise duty)

Ex. 2. If Total Sale Value Rs. 36207 (Inclusive Excise duty)


Ajeet Pandey

Hi,

We are trade dealer and dealing with import the material and pass the import duty to our seller.

FYI

I have purchase the material on the rate of Rs 390 and paid duty now we were requesting to our purchaser to whom we purchase the material, pl revised the rate as ur rate is so high, he is agreed and asked to issue debit note for difference for Rs 6 * qty.

My question is what is the impact on excise duty entry in the books as we already paid excess duty or earlier rate and now they are ready to release the excess rate charged earlier in purchase bills

Pl help.

What is Taxablilty in 100% eou

I am a manf of Packing boxes i am going to sell worth 200000 material to 100% EOU what is taxabilty 0 or otherwise

Experts please help me regarding how to get practical exposure of Service Tax and Excise.

I don't have any practical exposure in it.

Please suggest some books or course or anything, So that i can make a career in it.

Thanks.

While checking status for SSI Unit, how do we consider, i.e factory unitwise or assessee wise??

Can we take cenvat credit on m.s sheets.these sheets were converted in to storage tanks and the same storage tanks was used for making of final product.

One of our client will purchase unbranded automobile spare parts and then he will label & packing it of won registered brand and further sale it to customer.
So, is it comes under excise duty..?
If yes, then how & how much, and if not then can we treat it as trade sale.