Interested to Buy Any Domain ? << Click Here >> for more details...
what is capital good and asset as per excise.
- 3 Answers
- 8076 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Capital Goods are those which are used in direct
manufacturing of a Finished Goods.Assets are those used not
in direct manufacturing but for secondary purpose.As per
CENVAT credit facility is available (like 50% in year
capital goods purchased and remaining 50% in subsequent
year of purchase).
| Is This Answer Correct ? | 16 Yes | 2 No |
Answer / shanmuka rao goru
In general words Capital goods means equipment, machinary
used by Manufacturer for manufacturing goods or service
provider to provide services subject spesified goods in
definition.(CENVAT Credit Rules , 2004)
Object : Manufacturer or service provider can take credit
(Excise Duty on Captial Goods ) on capital good and deduct
from Excise duty or Service tax payable.
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / pradeep dxit
When the Excise Duty to be paid by the manufacture
| Is This Answer Correct ? | 1 Yes | 0 No |
what is the rate of VAT in differnt items for example metals, wine, garments, foods, electonics, medicine
WE ARE THE DEALER WE PURCHASE MATERIAL WITH VAT & USE THE SAME FOR LABOUR CHARGES + FINISHED GOODS BUSINESS & BUSINESS SHARE OF THE SAME IS 85:15, CLEAR ME CAN I TAKE FULL ADVANTAGE OF VAT CREDIT AGAINST MY VAT LIABILITY
V R MAKING COMMERCIAL CUM EXCISE INVOICE,THEN HOW INVOICE NUMBER CAN BE GIVEN COMBINDLY OF TAX INVOICE/RETAIL INVOICE AND EXCISE INVOICE.
PLEASE PROVIDE RATES, CALCULATION AND WHEN FILING THE FOLLOWING RETURN DIRECT AND INDIRECT TAXES RATES, T.D.S., F.B.T., EXCISE
When calculating tds on bill ,TDS need to be calclated on "Base Amount" or "Base Amount"+ "Vat Amount" ? please answer with relevant provision
what are CST,VAT ,TDS, Service tax .how they are applicable?
what is CST % applicable on garments sales to other state?
Are having 8% CST in any commodity or state.
WHAT IS EXCISE DUTY RATE IN HARYANA
The value of the tax invoice is lesser than the value on the state permit. Is this acceptable.
Please some one tell me what is the VAT or WCT rate for works contract at Tripura
hi,when i am posting an entry on service tax it is not showing the business area.please guide me how to configure the business area so that the entry also shows the business area.please help as i need to configure it.
0 Answers India Infoline, TCS, Wipro,
Audit 
