Interested to Buy Any Domain ? << Click Here >> for more details...
If a contractor received the service tax amount from client
and he also purchase the machinary which is used in
construction, than can he adjusted of service tax amount to
excise duty amount of machinary?
- 3 Answers
- 5760 Views
- Monnet, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / j
service tax is not applicable on capital goods purchase
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / n. pradhan
Yes service tax amount adjusted to Exercise duty
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / nishant thote
Yes, definately. As per CENVAT credit rules this can be
done. For utilising the credit of excise duty for machinery
i.e. capital asset, for the first year one can utilise 50%
of credit for payment of service tax or excise duty.
| Is This Answer Correct ? | 2 Yes | 3 No |
Entry Tax paid for Car purchased Rs.800000 and this amount may adjust to VAt payable. Noted that we are filing vat return on the compound basis.
what rate is entry tax is it same for all states
What is the TDS . and how can we identify this is TDS Deductable or not.
IVrth quater tds return file last date
if I Purchase goods within state But sale goods in other state (interstate sale), Which tax to be deposit either CST tax or other ? or what is Procedure of tax computation in this type of sale?
Can I deduct TDS on Advance payment towards advertisment expenses.
one supplier/dealer of a Reputed Electric motor manufacturing company of Kolkata having shop in Dhanbad (Jharkhand)carges 10.3% E.D + Education cess + Jharjhand VAT on ordered value whether is it correct? Are dealer are supposed to charge E.D.
what is use of form D, F, G, H, in Mvat
AT WHAT LIMIT PAYMENT CAN BE MADE AT A TIME TO PROFESSIONAL AND CONTRACTOR , WITHOUT DEDUCTION OF T.D.S. D.K.SONI
Define the term person?
what is TDS i need clear explanation and how to file tds return
Give the correct entry for below statement. 'A' Securiy charges 395926, Vehicle maintenance 5000 and Mobile charges 1300 and Service tax 12.36% and TDS 2.266% pl give me journal entry
Audit 
