Sreenath's Expert Profile

Queries Replied : 37

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I am working as a Domain Expert (Indian Direct & indirect Taxation )in Collabera Enterprises Solutions Trivandrum Kerala. M/s Collabera is dealing with a add-on product called OptiSuite to SAP for bridging the gap between Indian Taxation and Standerd SAP

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vinay mandali says : For EOU query
thnks a lotttttttttt

DINESH JAIN says : CENVAT CREDIT OFCAPITAL GOODS
Suppose an assessee who is mining service provider and purchase Dumpers/Tippers for providing the mining service. Assessee wants to take the CENVAT CREDIT. He has two options: (a) He can take the credit of Excise Duty paid as capital goods used in mining service under rule 2(a)A of CENVAT Credit Rules or (b) He can take the Credit under rule 2k(ii) of CENVAT credit as INPUT used for providing the mining service. Now Dumpers/Tippers is not a capital goods u/r 2(a)A, as it falls in Excise Tariff 87. Now my Question is that can assessee take the cenvat credit as Input described u/r 2k(ii) instead of Capital Goods. Because without Dumpers/Tippers, mining service is not possible. It is compulsorily used to provide taxable Service. Rule 2k (ii) also describes that all goods except petrol used for providing any output service. Goods can be capital or other goods. If any goods disqualified as Capital Goods for CENVAT Credit, can it also be disqualified to take CENVAT credit as INPUT Dinesh Jain dineshpalpal@yahoo.co.in

Jiwan singh says : Excise duty exempt for new units in UTTRAKHAND
Dear sir, as u ansered me at jiwanpokhariya that excise duty not exempt in uttrakhand , please see notification no. 1 (10) 2001-ner . for your kind information excise duty for new unit is exempt for 10 year in uttrakhand & himanchal pradesh