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Cenvat Credit

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Give input some credit, please

Millions of "input" tax credits are taken every day by manufactures and traders under the Cenvat Credit Rules for the purpose of paying and adjusting duty.Now, the very concept of input is in......

Govt eases Cenvat rules for small cos

In a major relief to small companies, the government on Thursday relaxed Cenvat Credit Rules to exempt manufacturers paying excise duty of less than Rs 1 crore (Rs 10 million) from filing a......

How GST can boost revenue

  Even with less than ideal design features, the state VAT pushed up revenues. The Goods and Services Tax, with an improved design and a fully integrated IT system for both the Centre and the......

Non ferrous metals: Import duties on aluminum, zinc raised

Budget Provisions Import duty up on Aluminium Custom duty on primary aluminium increased from 5% to 7.5% while Basic Customs Duty on Other aluminium products increased from 7.5% to 10%. Increase......

Information Technology: Boost for hardware, but disappointment for IT services

The key proposals from the IT industry that were not addressed included removal of dual levies on software products The budget is a mixed for the technology and services sector, as clarification......
  Web results for Cenvat Credit
Changes in CENVAT Credit Rules, 2004 by Union Budget 2016-17

S. No. Nature of amendment Rule Reference Earlier Version New Version Remarks 1. Inclusion of Sub-heading 860692... ...

http://www.caclubindia.com/articles/changes-in-cenvat-credit-rules-2004-by-union-budget-2016-17--26772.asp
IRDA forms panel for transparency in motor insurance

Insurance regulator IRDAI today set up a seven-member committee to suggest ways to bring transparency in payouts made to the auto dealers by the... ...

http://www.businesstoday.in/money/insurance/irda-forms-panel-for-transparency-in-motor-insurance/story/231778.html
Some issue on taxability of services provided by Govt. to Business Entity

1. Which services provided by Government to business entities are taxable? With effect from April 1, 2016 all services provided by a Government or... ...

http://www.caclubindia.com/forum/some-issue-on-taxability-of-services-provided-by-govt-to-business-entity-357619.asp
Cenvat credit on freight inwards

We have a FOT contract with jaysree chamicals for supply of caustic soda. We reimburse Rs 3300 / per tonne as freight plus service tax. Its Total... ...

http://www.caclubindia.com/forum/cenvat-credit-on-freight-inwards-357589.asp
reversal cenvat credit on non-excisable goods

It is clarified that Bagasse, Dross and Skimmings of non-ferrous metals or any such byproduct or waste, which are non-excisable goods and are... ...

http://www.caclubindia.com/forum/cbec-circular-reversal-cenvat-credit-on-non-excisable-goods-357553.asp

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