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
- 5919 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 |
Whether Meeting of Board of Directors Can Be held at any Place other tan Registered Office.
I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.
Which is the section or rule for non submitting c forms panelty and interest
What is the TDS . and how can we identify this is TDS Deductable or not.
is WCT applicable one time? and what will be rate of WCT in UP State?
Why Govt. Have Need of WCT.
2 Answers Novacom Digitronics, Vijai Electricals,
WHAT IS MEANING OF CENVAT CREDIT & CENVAT AVAIL
What are the new income exemption limits for Men,Women and Senior Citizens for the Financial Year 2009-10
our Consinor Vat rate @14.5%(revised rate) In pujab , is the same rate applicable in A.P. Ex:I have billed 10 auto tubes each @ 120/- = 10*120=1200 + vat 14.5% = 174 total bill value Rs.1374/-...can we collect 14.5% vat or 12.5%(in A.P.) vat from customer..
Pl inform me the details of TDS,VAT,Service Tax & other Statutory Deductions related to individual and companies.
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
our customers deduct TDS under sec.194-J and make the payment. we deduct TDS under sec.194-J to clients and pay them professional fees. can we get credit of TDS which we made to our customers and claim for what we have to pay
Audit 
