Answer Posted / shiva

CENVAT (Central Value Added Tax) credit is the the set off
of the duty paid on inputs and capital goods and also
service tax paid on input service against the Excise duty
on final products or service tax o input service.

Ex:-
1. Purchased Raw Material (inputs) Rs.110
(Includes 10% Tax paid on it i.e. Rs.10)
2. Value addition Rs.200
3. Total (1+2) Rs.310
4. Excise Duty on (3) above, Say 20% i.e Rs. 62
-----------------------
If Cenvat credit,is there,
Cost of Product= [(110-10)+200+ 20%(100+200)]=Rs.360

If Cenvat credit,is not there,
Cost of Product= [110+200+ 20%(100+200)]=Rs.372

which form is used for issuance of C Form ,F form etc. from Sale tax Authority (Haryana), when should be apply? what documents to be submitted?

2130

---

can penalty be imposed under sec 96 of vat act west bengalfor goods destroyed or damaged

2346

---

if a buyer paid full cst 14.5% for a redistrable assect then whatis the registration process?

2130

---

I am an employee in a IT Company. While filling out the form it prompts to fill - Details of Tax deducted at source from Salary (as per form16) and then it again prompts to fill - Details of Advance tax and Self Assessment Tax. if i fill both the columns, i get end result as 2 times of Tax i paid and a refund.

2543

---

in a company, if employee contributing To PF equal to employer contribution. can he voluntarily stop his contribution while he is in service with that company?

1811

---

We are Interior Decorators in Chennai,Tamilnadu. I would like to know the vat applicable for us 14.5% or 5%. We supply the material and do the works at the sites itself.

2597

---

cst rates

1921

---

i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?

2151

---

what is form requirment for monthly, quartely, and yearly sale return for haryana

2119

---

i am new to this tax system if you don't mine "please help me"

1921

---

what is CST % applicable on garments sales to other state?

1772

---

WE purchase Firewell for our office Rs.26500/- the vendor charge 5% vat on 26500=1325 and S.Tax 14.5% on 26500/- =3843 is it is possible please clarify

1735

---

HOW TO FILL UP WEST BENGAL VAT FORM 14. NOT TECHNICALLY I AM AWARE ABOUT THEIR MANUAL. BUT I WANT TO KNOW POINT BY POINT.

9590

---

I am working in footwear company at Himachal Pradesh. we want to send raw material - (leather) for Job work our other branch. now my question is that will have we any permission taken from excise & sale tax deppt.

4848

---

is there easy guide for the latest India tax & accounting information for 2010?

1993

---