cenvat credit
This query is : Resolved
28 July 2009
it wil b agrt help to me if anybody can help me about d cenvat provisions regarding exempted goods and services. as given in rule 6 of cc rule??????also with example.
29 July 2009
Cenvat credit is available only when the final product is dutiable. Thus no credit is available if input is going into exempted product.
There may be a situation where there is a common input (not capital goods) which is used in manufacture of both exempted & dutiable product. Rule 6 deals with this situation. The manufacturer is required to maintain separate records or reverse duty proportionately or pay an amount of 5% on exempted product.
There may be a situation where there is a common input (not capital goods) which is used in manufacture of both exempted & dutiable product. Rule 6 deals with this situation. The manufacturer is required to maintain separate records or reverse duty proportionately or pay an amount of 5% on exempted product.
29 July 2009
5% on exempted products??? i think it is 10% for goods. please check that.and tell me please
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Building and other construction workers welfare cess act 1996
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- TDS ON CASH WITHDRAWALS...
- Annual return of gst limit
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- 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
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
