what is cenvat credit expain it

Answer Posted / ravisha m.m

cenvat credit rule is introdused to reduse double taxation.
it helps to exporter too.......... & it is redeuse the
burden on the final consumers....even though analysis of
this rule is difficult because every staga of manufacturing
process they will pay the tax on that ultimatly result is
whole burden should be bared by the consumers so as to govt
has to rectify it in proper way (no rigidity)

Is This Answer Correct ?    5 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is rate of different service tax in haryana

1341


We are a UK company selling electronic s/w licenses to customer in India. We have a PAN Number. Why is TDS being deducted on a product? Why is TDS calculated on the invoice value - surely it is supposed to be on Income and not Turnover? What is the correct TDS % deduction?

1498


Is there any criteria for percentage define of TDS rates? and What is the major advantage of introducing DTC and GST by Central Govt?

1496


We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices

1756


come'?

1725






Can we use ST-38 outward form for a sale of Rs-100000/- with in the state i.e haryana

2641


certificate of export is for which items?

1509


80DD Dediction

1442


If a person have been appointed as a Director in more than one company, what is the rule of paying Prof. tax ? Is Directors prof .Tax has to be paid by all the Companies whre he is a director.?

1278


Please guide me... We are dealing in trading of industrial material. What is the difference between importer, 1st stage dealer, 2nd stage dealer and 3rd stage dealer? Whether all of these above can pass on the excise duty to the end user. Please tell me and thanks in advance.

1591


If we got a printing jon we are adverstising firm for that we purchase paper from local dealer which contain vat 4% now when i bill to the person from whom i got a priniting job what should i consider this as service or sale and what tax i charge, i don't have vat no. but i have service tax no.?

1440


HOW CALCULATE PARTERNERSHIP FIRM INCOME TAX ON NET PROFIT.

1795


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?

1741


Which income is considered as accrued income?

661


we are a manufacturer unit can we purchases of building material agst form "C" or vat C4?

1501