PPT-Cenvat Credit Rules

By SHSane amp Co Chartered Accountants CA Shekhar Sane BCom ACMA FCA DISAICAI Date 3 rd October 2015 Flat No6 Radha Krishna Heights Khajina . CA Sri Harsha. harsha@sbsandco.com. . b. y. Overview of the Rules. 2. Important Definitions – Rule 2 – (a). 3. Manufacturer/Service Provider – Capital Goods. 4. goods falling under Chapter 82, 84, 85, 90, heading 6805 and 6804 – 1. Cenvat Credit . -Service Tax . - . CA. Madhukar N Hiregange. Introduction. 1978- . Jha. . Comm. -> 1986 . Profroma. Credit -> . Movdat. Expanded yr after yr -> 1994 Capital Goods + Dealers Passing on -> 2000 CENVAT credit-> CR- 2004 Cross sectional -> list contracted yr after yr -> 2014 . ISSUES. PRESENTATION ON 23.01.2015. KR RAMANKUTTY. CHARTERED ACCOUNTANT. ERNAKULAM. LABOUR & OVERHEADS. PROFIT. INPUT TAX OR DUTY. MATERIAL COST. THE CASCADING . EFFECT. COST. SALES PRICE. EXCISE DUTY PAYABLE ON SALE PRICE WHICH INCLUDES INPUT TAX. Ed Smith. Head of Banking, Lending and Protection. 1. Journey so far. FCA took over regulation of consumer credit on 1 April 2014. Over 50,000 regulated firms. Large and varied market. Different sectors, different profiles. UNION BUDGET – 2014-2015. Madhri. G. Advocate, . T.S.Gopalan. & Co.. ANDHRA CHAMBER. OF . COMMERCE. SOME FIGURES. TAX. REVENUES. Actual. 2012-2013. Budget . 2013-2014. Revised . 2014-2015. Budget. By . Shri . V.S.Datey. CA. Shailendra . saxena. At . Baroda Branch of WIRC of ICAI. Date 12/09/2014. 1. . C Ltd. a company and have availed of . Cenvat. credit on commission agent's services for sale of their goods. C Ltd have come across a recent judgment of the Gujarat High Court in case of CCE v. . - an overview . swamy associates. 5. .3.16. 1. C E N T R A L E X C I S E. T A X O N J E W E L . L. E R Y. 1 % ED on all articles of . jewellery. without . Cenvat. . Credit. .. Simplified and . Eligible Duties [Rule 3]. Duties / Taxes. Levied Under. Basic Excise Duty (BED) levied on Excisable Goods, and Additional Duty equivalent to BED levied on imported goods.. First Schedule of Central Excise Tariff Act.. Goods and Services Tax. IDTC-ICAI. Webcast Mar 11, 2017. General Errors. Review relevance of current litigation. Recover pre-deposit into transition . credit. Goods are wrongly classified. Expect . change in . Journey so far. . Item fitment . in tax slabs. . (%). (Exempted). 7%. (5% . Tax. . Slab). 14%. (12% . Tax. . Slab). 17%. (18% . Tax. . Slab). 43%. (28% . Tax. . Slab). 19%. Note: . The . B. COM., F.C.A.. TRANSITIONAL PROVISIONS . IN GST. 1. SECTIONS. GENERAL PROVISIONS [s.141]. MIGRATION OF EXISTING TAX PAYERS [s. 142]. CENVAT/VAT CREDIT. CENVAT/VAT Credit c/f in a return to be allowed as ITC . By:- Pawan Arora. B. Com, CA, LL.B. Athena Law Associates.  . Biggest indirect tax reform: GST. CONTENTS. Part. Topic. Slide No.. I. Tax Credit. 4-18. II. Business Transactions. 19-27. III. Refund Claims/Assessments/Appeals etc.. July. 10, 2014. © Economic Laws Practice 2014. Key issues Pre-Budget. 2. © Economic Laws Practice 2014. Definitive path and time lines for GST. Retrospective amendments. Adoption of DTC. Dealing with culture of Tax Terrorism. swamy associates. 5. .3.16. 1. C E N T R A L E X C I S E. T A X O N J E W E L . L. E R Y. 1 % ED on all articles of . jewellery. without . Cenvat. . Credit. .. Simplified and . centralised.