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
--------
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..

What is differance between CVD and Excise Duty?

Does Job work amounts to Manufacture?

Dear Sir,

My query is whether 'Software' is a capital goods under CENVAT credit rules.

If YES, then cenvat credit of service tax paid on it 50% in the current year and 50% in next year.

If NO, then, whether cenvat credit of service tax paid on it can be availed as input service 100% in the current financial year itself.

And whether Output service provider can avail Cenvat Credit on software used in office like ERP or Tally etc.

I WOULD LIKE TO KNOW,WHEN I AM FILING ON LINE ER-1 IN "OTHER PAYMENT" SHEET,ITS SHOWING IN ONE PLACE SOURCE DOCUMENT NO.WHAT IS SOURCE DOCUMENT NO.?

Dear All

AS per our PO terms and condition any statutory variation after contractutal delivery date ( CDD) is to be borne by seller

The rate of basic excise duty has been changed from 8% to 10% wef 26.02.10.

As per PO terms , in cases where CDD was on or prior to 26.02.10 but material dispatched after that that ( eg in March). Seller is giving us invoice of 10% excise duty but we are paying him only 8% as per PO terms

Query is whether we can take the credit of whole 10% in such cases or not or it will be restricted to payment amount of 8%.

Please advise with relevenat laws, if any..

Thanks and Regards

Kamlesh Chokhani

DEAR FRIEND

I AM A C.A. FINAL STUDNET AND GOING TO APPEAR IN FINAL EXAM IN MAY 11. PLS SUGGEST ME THE BEST BOOK FOR IDT FOR SELF STUDY. PLS GIVES SUPPORTING ALSO.


FURTHER SUGGEST ME, WHETHER IT IS COMPULSARY TO TAKE TUTION. IF YES, PLS SUGGEST GOOD TEACHER EXCEPT DEEPAK GUPTA.


Thanks

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