Notification No.10/2008
This query is : Resolved
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.
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.
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.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- ITR validation error - Balance sheet is not filled
- Annual return of gst limit
- Form 10BD Filling
- TDS ON CASH WITHDRAWALS...
- 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
