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

if i paid interest on tds for ex:- tds deducted on rent for the month of april, may, june rs. 20000 each for month and tds paid on 7th july then i have to pay interest @ 1.5% for rs. 1200 , 900 , 600 respectively , so i wanted to know what is the entry for rising of this interest in accounting software other than tally

1483

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if waybill issued by consignor , then c form issue whose responsibility?

1486

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We had paid TDS against rent in assessment year 2009-2010. But by mistake one of the pan no of the landlord was wrongly entered. Now the demand has been raised. Please advise how to correct the situation.

1999

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if cst sales and purchase is completed and we issue c form and received c form also.but in next month both sales and purchase are return. my question is how to pass reverse entry when c forms issue/receive. how it cst return also.

2991

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What are the streamlined sales and use tax agreement?

1103

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a x company deduct tds against our bills so how i entry this type of transaction in talyy 9.0 ?

3987

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In wct limit is Rs.5lac if vendor provide bill below 5lac wct will applicable or it aggregate I need deduction of wct 5lac slap

1774

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on earth moving road work which type of tax is applicable?

1875

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procedure of service tax

2130

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Hi,when we pass a clearing entry of paid and unpaid tax how do we show the business area the way the business area can be seen.is there any change that i have to do in the configuration of this GL.my client wants that the business area also reflects when we post the gl.please help.

2071

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What is the %age of T.A.,D.A.,H.R.A.,BASIC

4396

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what should be the research and methodology of business taxation?

2079

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We made full payment to contractor and forget to deduct TDS on that.Now contractor ledger is fully settled and we have to pass the TDS entries on that. Kindly guide rectify the entries on tds

2264

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please tell me how to take stock (not enter in purchase) in Tally ERP 9 in Case the goods recived against from FORM 38 The Company sent me consignment for sale on behalf commisson & after sale he want FORM F. so please tell me procesure of TAke the Stock in Tally for the Created Sale Invoice & Tax Invoice. Thank You

2236

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Rules for filling Income Tax return for a domestic manufacturing company.

2495

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