Notification No.10/2008

This query is : Resolved

vidya (Querist)
Follow

09 June 2009 The notification No.10/2008 provides for maintenance of separate books of accounts for availing of input credit with respect to taxable and exempt services. What does separate books of accounts mean as per notification?

Maintain separate tally for both Taxable and exempt services, else is it fine if we are able to segregate the expenses with regard to the taxable and exempt services.Can it be having the data in excel sheet where the expenses are properly segregated between exempt and taxable services????

Is there some material to substantiate the same?

Kindly reply at the earliest. Very urgent

Thanks.

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
Follow

10 June 2009 Nothing prescribed. However segregating the same as per costing principales in my perosnal view should suffice.
Not much substance but the fact that the SC recognises the professional competency of the ICWAI.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA.Gopal Rathi

S J MITRA

CA Sunny Sharma

Moby Mogli

Vimlesh kumar

Subscribe Now

Notification No.10/2008

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Accountant

CA Final

GST CONSULTANT

Manager- Finance and Compliance

Article Assistant