Answer / Hemant Kumar

CENVAT (Central Excise and Value Added Tax) credit is a tax benefit provided to businesses in India that are registered under the Central Excise Act, 1944 or Service Tax. CENVAT credit is the input tax paid on inputs used in the manufacture of goods or provision of services, which can be offset against the output tax liability of the business. This helps reduce the overall tax burden for businesses.

i forgot to deduct tds in Contractor non corporate in july 15 so what should i do now? Please Suggest.

3 Answers   Mahindra Holidays and Resorts India MHRIL,

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input vat and out put vat how it shows in profit and loss account

2 Answers  

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If I am purchasing an equipment from Noida for my Agriculture farm in Andhra Pradesh in my individual name, then "Way Bill" or any other form other than invoice is required?

1 Answers  

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How can I calculate Depriciation on Fixed AND CURRENT ASSESTS ?

4 Answers   Travel Plan,

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how many form 38(Road permit) can issue in one month or in one time

1 Answers   SR Industries,

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I AM INTO AN EXPORT COMPANY MANUFACTURING GARMENTS. I AM PURCHASING AN INTERSTSTE ITEM AND PROVIDED FORM H NOT C. COULD I BE ABLE TO GET ANY EXEMPTION FROM TAXATION AND WHEATHER I HAVE TO CLOSE MY SALES TAX ACCOUNT FOR PROVIDING FORM H, AND IF AGAIN I COULD BE GET ANY EXEMPTION FROM FORM C ISSUING FOR THE SAME COMMODITY AND SAME SUPPLIER.

1 Answers  

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What is the different types of rates of TDS for different Catogaries of services.

2 Answers   GVR,

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can a company/firm give more than 20000 rs in cash in a day to his employee as an advance for day to day exp ( not for purchase a capital asset )

3 Answers   Gammon,

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what is current TDS (tax deduction at source)rate?

3 Answers   IBM,

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what is document require for vat registration?

4 Answers  

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What is the invoice procedure for scrap material, which was received from our customer as sales return/warranty

3 Answers   Adani,

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I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.

1 Answers  

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