Cenvat credit
This query is : Resolved
05 March 2013
Can any one please explain to me all the provisions of Rule 6 of CCR 2004 relating to obligations of manufacturer or service provider !!! Please reply its urgent
07 March 2013
DEAR MISHRA JI.
THE REPLY OF YOUR QUERY IS NOT EASY TO EXPLAIN PERFECTLY ON THIS FORUM. STILL I TRY MY BEST TO REPLY YOU IN BRIEF BECAUSE I AM MUCH IMPRESSED WITH YOUR POLITENESS QUERY.
RULE 6 OF C.C.R., 2004:- When a manufacturer or provider of output service manufactures such final products or provides such output service which are chargeable to duty or tax as well as exempted goods or services and avails of CENVAT credit in respect of any inputs or input services and, then, the manufacturer or provider of output service shall maintain separate accounts for the receipt, consumption and inventory of inputs used. If it not possible, they shall pay an amount equal to six per cent of value of the exempted goods and exempted services.
For more detail, you can read above rule or can get specific advise from any legal advisor.
Rajeev Kumar Garg
(M.Com, L.L.B.)
Consultant (Excise, Customs & Service Tax)
Ph. no. +91 7500802402
THE REPLY OF YOUR QUERY IS NOT EASY TO EXPLAIN PERFECTLY ON THIS FORUM. STILL I TRY MY BEST TO REPLY YOU IN BRIEF BECAUSE I AM MUCH IMPRESSED WITH YOUR POLITENESS QUERY.
RULE 6 OF C.C.R., 2004:- When a manufacturer or provider of output service manufactures such final products or provides such output service which are chargeable to duty or tax as well as exempted goods or services and avails of CENVAT credit in respect of any inputs or input services and, then, the manufacturer or provider of output service shall maintain separate accounts for the receipt, consumption and inventory of inputs used. If it not possible, they shall pay an amount equal to six per cent of value of the exempted goods and exempted services.
For more detail, you can read above rule or can get specific advise from any legal advisor.
Rajeev Kumar Garg
(M.Com, L.L.B.)
Consultant (Excise, Customs & Service Tax)
Ph. no. +91 7500802402
Message likes :
1 times
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
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- STCG on ETF gold & silver
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Loan by Partnership Firm
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
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
