100% EOU follow both the procedure for procuring goods from domestic tarrif area
1:can avail cenvat credit on duty paid goods
2. can avail duty free goods on submission of CT 3
Please advise
regards
Girish
Suppose Mr X is selling party to me.
Mr X takes goods from Mr Y with Excise gate pass and passes to me the same gate pass, then whether we can take credit of the same as a consignee. If yes please provide the relevant sections/rules.
On the same line If Mr A takes service tax bill from Mr B and place his bill to me as riemburshment of amount of Services inclusive of S Tax, but not showing seperately the S Tax on his( Mr A) bill.
whether we can take credit of service tax mentuione on the Bill of Mr B.
Please quote the rtelevant sections/rules thereof.
wat is difference btwn form c and d of central excis plz. elaborate in detail for my understanding.txs in advance
please suggest me any book for indirect tax law(New Course) which contain recent case study.
Dear All,
We are a manufacturing unit and now wish to do trading activities at our existing premises what are legal central excise procedures. The comodities are imported items for domestic sales.
One of our client says that he has not claimed Cenvat Credit on capital goods for the first year. He says that the first year's part only he is claiming in the second year. Is there a possibility for it?
I have also verified the RG-23 Part II for capital goods, but the register does not contain the serial number on the pages of the register. So i dont know whether to rely that. And also our client says for this year u just take the 2nd year 50% as Excise Duty Receivable A/c.
With regards,
Rajesh
Please provide me the accounting entry in case where the purchase of Fixed Asset wants to claim Cenvat Credit in that fixed asset.
For example the cost of the Fixed Asset is Rs. 118.56
Base Price = Rs.100
Excise Duty= Rs.14
VAT = Rs.4.56
--------
Rs.118.56
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With regards,
Rajesh.
One of our client who is a manufacturing one...says that he is not claiming Cenvat Credit on inputs because he has to keep all the records in tact.
1. Please tell me what are the records to be kept for claiming Cenvat Credit on input?
2.How to convince him that it is always better to claim Cenvat Credit on input?
With regards,
Rajesh
whether credit can be availed of automobile cess imported.
Can anyone please tell me about the procedure for Registration in Excise.
Where I could find the the whole procedure in act or rules..
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Cenvat Credit