Answer Posted / ravindra

cenvat credit generally related to exercise where as the
calculation of cenvat credit is like vat the tax which is
paid at the time of purchase for excise goods and the tax
which need to pay at the time of sales- the tax which is
paid at the time of purchase is known as cenvat credit
while paying the tax three things will be taken in to
consideration.
"As cenvat credit which is availed from excise"
"As the cenvat credit can availed from service tax"
"He can avail either from these if he is not availed
earlier depriciation

so most of them choose which ever amount is lower that
amount they will avail as cenvat credit

cenvat credit - 50% in this year
50% in subsequent years

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

2312

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WHAT IS CORPORATE TAX ?

2210

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what is the rate of interest when an assesse paid tax after the due date in the prescribed time limit?

1887

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anybody pls tell me about the service tax

2037

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my manufacture company established in Excise exempted Area. and we pay freight to transpoter.& also deduct service tax.what will be the entry of this transaction. can i adjust this service tax payable from input service tax of telephone bill.

1880

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I am working at Himachal Pradesh, let me know cant i adjust entry tax in vat? if no then why or yes, please exlain.

2091

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Suppose there is a computer Inst. providing a course abc and the total fees for it is Rs.10000 per annum, now this institute gives the right to another institute to provide facility of that course on behalf of it and the fees amt. is bifercated to Regd. fees Rs. 2500, Exam fees Rs.500 and tution fees Rs.7000,now the former institute gives right to later ins. to take Rs.7000 and says that the amt. of regd. fees and Exam fees i.e Rs. 3000 must be given to it plus service tax, now we have to save the former ins. from paying service tax on Amt. 3000, how can we do this?

1733

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can we take 100% input of contractor service tax billing where service receiver have to pay 50% service tax

1673

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How can a taxpayer get a refund for an overpayment of taxes?

1086

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is it necessary to use form38 in UP for purchase of goods from outside UP @5%CST Tax

2133

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WHAT IS MEANT BY CST? DO THE SUPPLIER CLAIM CST 2% FROM THE PURCHASER? WHAT ARE ALL THE RULES TO BE FOLLOW WHILE THE BUYER PURCHASE A 'C'FORM FROM THE CTO?

1966

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I want to know the TDS ammount which deducted by company.

5245

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What is the rate of Excise duty for all goods Is der any Difference in rate of exice duty for Chemicals And Fabric

2187

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What is Excise duty? What is Edu Cess & Sec Edu Cess? Why and when it is applicable? What is Excise Claiming?

4345

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can we purchase software agaist Form under In the telecommunications network; or

2261

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