Calculation MODVAT
This query is : Resolved
24 April 2008
Sir,
What is method of Calculation of MODVAT.Because when we purchase then pay MODVAT. if we take credit so how we will calculate the MODVATE.
THANKS IN ADVANCE
What is method of Calculation of MODVAT.Because when we purchase then pay MODVAT. if we take credit so how we will calculate the MODVATE.
THANKS IN ADVANCE
25 April 2008
modvat /cenvat is seperatly charged in the invoic if you are manufacturer or service given and liable to exice then you will take 100% cenvat credit which are seperatly charged in the bill
27 April 2008
cenvat is seperatly charged in the manufacturer Invoice. you will take 100% cenvat & cess credit. If you are purchasing from Dealer or Importer then you should calculat Duty pass on like this(from Saler Purchase detils given in below of the Invoice)
(duty/quantity)*(qtuantiy) purchase by us.same cess will be calculated
(duty/quantity)*(qtuantiy) purchase by us.same cess will be calculated
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reporting Income under Section 44ADA
- Itr 1 processing
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
