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
- 5853 Views
- Monnet, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
meaning of accessory for central excise purpose
The company i approached asked me that they are registered Manufacturer to market fire extinguishers. They have both VAT & CST registration. When they supply material out of state i.e. under "C" form, to a Dealer who is also registered with CST and who can issue "C" form but for product paint. Will the "C" form issued by the Dealer be acceptable to us. What law governs, since the dealer is not registered to trade in Fire Extinguishers? In the first instance will he be able to issue "C" form at all i.e. Will the government allow him to issue "C" Form, if so under what norms? In the case that my company is the Dealer and registered for trading in Paint and we are taking Fire Extinguisher Dealership will I get set-off in "C" form for purchase and Sale. Kindly let me know on russel.raphael@gmail.com
My client has not filled income tax return for ay-2013-14
how to calculated all taxes their information in details
IF I RECD ANY BILL TOWARDS PRINTING OF FORMS, VOUCHERS AND ON SAME VAT IS CHARGED 5%, IS TDS IS ALSO APPLICABLE FOR THE SAME.
what are the benifits available to become and EOU in all taxes, such as Income Tax, Sales Tax, Excise, Custom
i want to know about Form c,D,E, E-1,E-2,F,G,H,I.WHEN IS LIABILITIES OF ISSUE OF ALL RELATED FORM ON SELLER AND BUYER.PLZ SEND THE ANSWER OF THIS QUESTION ON MY E-MAIL
wct amount deducted by main company .that amount will be returned Subcontractor?If yes,how process is given me.
certificate of export is for which items?
what is sales tax assesment or annuel return company and how to do end of the finiancial year and what is form no 240.
what is works contract tax? if a contractor made a bill as repairs to machinary 00000000/- service tax 12.36% on 40% on basic value Vat 5% on 60% of the basic value of the bill amount how can i deduct works contract tax? please suggest me?
if a item sale on cash bill which is under vat sechdule c local sale tax is 5% so what is the rate of CST without C Form
WHAT IS THE PROVISION OF TDS RECEIVABLE AT THE TIME OF YEAR ENDING GIVE THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com
1. Why some companies are not deducting the TDS or WCT on their clients Invoice.,? 2. How companies are getting exemption from Deduction TDS or WCT. ?. 3. What are the procedure for not to deduct the TDS or WCT on client invoice while making payment for their Invoice.?.
which purchases is profitable for us a building material purchases from direct of contactor ?
