whether credit is admissible on grinding media ball under input or capital goods

GST Rates 2019 - Complete List of Goods and Services Tax Slabs

Find Latest GST Rates for all Goods and Services in 0%, 5%, 12% & 28% slabs. Check Revised GST Rates list 2018, updated GST tax rates slab & GST rates.

GST is the biggest tax-related reform in the country bringing uniformity in the taxation structure …

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Login | Transtutors

Or looking for homework help in economics &... visit Transtutors.com. Already on Transtutors? Login. Create your Account and get access to : 1 Mn+ Classroom Assignments and Textbook Solutions to solve your Next Assignment; Connect with hundred of tutors 24/7 - For that Last Minute Help And Best of All - No Questions Asked Refund Policy ...

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1(a)

1. List all extensions of credit and their corresponding balances which, since the last State examination, have been renewed or extended under any of the following circumstances: a. Without full collection of interest due b. With acceptance of separate notes for the payment of interest c.

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MONTHLY AUDIT BULLETIN AUGUST 2013 - cbic.gov.in

OF PROVISION : Rule 3 (1) of the CENVAT Credit Rules, 2004 The assessee is a large manufacturer of Cement Clinkers and having multi location units ... They are availing CENVAT Credit on input, input service and capital goods used in the manufacture of their final product, under the ...

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Google

Search the world's information, including webpages, images, videos and more. Google has many special features to help you find exactly what you're looking for.

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Import LC application form where Master Facility …

us under the Credit are not covered under Negative List of Imports as mentioned in latest Foreign Trade Policy in vogue and amendments thereto till date.(b) We are eligible to import the above mentioned goods under the current Export and Import Policy in place.(c) The said goods imported / being imported

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C A I FOR THE PURPOSE OF CENVAT CREDIT

COMBINED ANALYSIS OF INPUTS AND INPUT SERVICES FOR THE PURPOSE OF CENVAT CREDIT Rule 2(k) input means – (Notification 3/2011 dated 1/3/2011) (i) All goods used in the factory by the manufacturer of the final product; or (ii) Any goods including accessories, cleared along with the final product, the value of

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tax kk com CS K.K. Agrawal 4.1 CCR 2004 CENVAT CREDIT …

5. Whether items, namely, alumina balls/ ceramic pebbles which are grinding media used in ball mills in the ceramic tile industry should be treated as capital goods or inputs for CENVAT credit purposes? 6. Whether items, namely, bolting cloth/ screens/ silicon cylinders which carry designs and which are fitted on the machines used for printing ...

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Definition of Exempt supplies, Goods & Inputs- Revised ...

Jan 17, 2017· Daily Dose of GST Update By CA Pradeep Jain. Definition of Exempt supplies, Goods and Inputs. Taking further to our discussion, we are continuing our discussion the definitions given under Section 2 of revised GST law and comparing the same with old model GST law to know the changes made in revised law:-

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Model GST Law- Draft - SlideShare

Jun 15, 2016· (14) In case of supply of capital goods on which input tax credit has been taken, the registered taxable person shall pay an amount equal to the input tax credit taken on the said capital goods reduced by the percentage points as may be specified in this behalf or the tax on the transaction value of such capital goods under sub-section (1) of ...

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Test-Title Flashcards | Quizlet

"Any injury, disease, or physical condition occurring prior to an arbitrary date before the insured's enrollment date of coverage, medical advice, diagnosis, care, or treatment was recommended or received; Healthcare coverage may be denied for a period of time for a pre-existing condition, but the Health Insurance Portability and Accountability Act constrains the use of exclusions for pre ...

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The Accounting Cycle | Boundless Accounting

The Accounting Cycle. The accounting cycle is a series of steps performed during the accounting period (some throughout the period and some at the end) to analyze, record, classify, summarize, and report useful financial information for the purpose of preparing financial statements.

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All about Input Tax Credit - CAclubindia

Apr 22, 2009· Yes, the input tax credit will be available in case of works contracts (except capital goods) but it would not be available for transfer of rights to use goods. Q.9. Whether input tax credit will be admissible for capital goods also? A.9. Yes. Input tax credit will be admissible for capital goods used in the manufacture of taxable goods.

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Cenvat Credit Rules, 2004 - SlideShare

Nov 07, 2016· You just clipped your first slide! Clipping is a handy way to collect important slides you want to go back to later. Now customize the name of a clipboard to store your clips.

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Items used in Ceramic Tiles Industry – whether capital ...

Circular No. 920/10/2010-CX, New Delhi, dated the 1 st April, 2010.. Subject: Items used in Ceramic Tiles Industry – whether capital goods or input -reg. Representations have been received from field formations and industry seeking clarification as to whether items, namely, alumina balls/ ceramic pebbles which are grinding media used in ball mills in the Ceramic Tile Industry should be ...

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centralexcisechennai.gov.in

Representations have been received from field formations and industry seeking clarification as to whether items, namely, alumina balls/ ceramic pebbles which are grinding media used in ball mills in the Ceramic Tile Industry should be treated as capital goods or input under the provisions of CENVAT Credit …

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Accounting Archive | April 27, 2014 | Chegg.com

Apr 27, 2014· At December 31, 2011, the trading securities for Natoli, Inc. are as follows. Security Cost Fair Value A $17,560 $14,560 B 12,420 15,820 C 25,920 18,070 $55900 $48,450 Prepare the adjusting entry at December 31, 2011, to report the securities at fair value. Date Account/Description Debit Dec. 31 Show the statement presentation at December 31, 2011, after adjustment

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Commissioner Of Central Excise ... vs Ms Century Cements ...

"Whether credit as inputs in terms of Rule 57A of the Central Excise Rules, 1944 is admissible on the following items: ... Grinding Media (Steel Balls) and Cylpebs: Grinding Media (Steel Balls) and Cylpebs are used in the Cement Ball Mill for grinding the Clinker to obtain cement. ... as laid down by the Supreme Court in Commissioner of Central ...

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revenueregulations: REVENUE REGULATIONS NO. 02-40 INCOME ...

Jan 27, 2013· REVENUE REGULATIONS NO. 02-40 INCOME TAX REGULATIONS (PART 2) PART 2: ... directly or in trust, are excluded from the gross income of the beneficiary. It is immaterial whether the proceeds are received in a single sum or in installments. If, however, such proceeds are held by the insurer under an agreement to pay interest thereon, the interest ...

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Pradeep Jain - Chartered Accountant

Whether refund under rule 5 admissible when assessee cleared intermediate goods to EOU? M/s LAKSHMI AUTOMATIC LOOM WORKS LTDVs COMMISSIONER OF CENTRAL EXCISE, COIMBATORE ; PJ/CASE LAW/2016-17/3121 Whether credit of common input services be availed when assessee is also indulged in trading of cars

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INPUT TAX CREDIT - Prime Academy

C. Availment of Credit upon Payment reversed credit under 2nd proviso above shall be claimed. 10 Eligibility & Condition for ITC (Sec 16) (3) Credit on CG on which depreciation is claimed. No credit admissible (4) No credit for Invoice/Debit Note after a. Filing of Return for the September of Next FY ... input services and capital goods

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1981 (4) TMI 93 - taxmanagementindia.com

d this case under S. 256(1) of the I.T. Act of 1961 (hereinafter referred to as the Act ), and has referred the following question for opinion of the court Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in holding that the sanitary and water supply installa

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Original copy GST AAR of M/s. Aqua Machineries Pvt. Ltd ...

Dec 28, 2018· (ii) Whether the applicant is eligible for a GST rate of 12% on the supply of goods in question. 2. The applicant submitted that the goods in question are pumps primarily designed for handling water, either clear or storm or waste or sewerage, and not fitted with a measuring device.

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Cenvat Credit Rules, 2004 - Service Tax

(1) If any person, takes or utilises CENVAT credit in respect of input or capital goods or input services, wrongly or in contravention of any of the provisions of these rules, then, all such goods shall be liable to confiscation and such person, shall be liable to a penalty not exceeding the duty or service tax on such goods or services, as the ...

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Port Manteaux Word Maker - OneLook

Port Manteaux churns out silly new words when you feed it an idea or two. Enter a word (or two) above and you'll get back a bunch of portmanteaux created by jamming together words that are conceptually related to your inputs.. For example, enter "giraffe" and you'll get …

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INPUT TAX CREDIT By - Jitu Suthar - CAKART

Jan 05, 2018· Whether input tax credit will be available for works contract or transfer of rights to use etc.? A.8. Yes, the input tax credit will be available in case of works contracts (except capital goods) but it would not be available for transfer of rights to use goods. Q.9. Whether input tax credit will be admissible for capital goods also? A.9. Yes.

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Hindustan Copper Ltd. vs Cce on 31 December, 2004

3. The learned Advocate submitted that the Modvat Credit on grinding rods is admissible under Rule 57A of the Central Excise Rules as input as the grinding rods are used in or in relation to the manufacture of their final product. He relied upon the decision in the case of CCE, Bolpur v.

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Waste and scrap emerging from the inputs/capital goods, on ...

The adjudicating authority has also confirmed duty on grinding scrap (media balls) cleared without payment of duty on the ground that the grinding media scrap in the factory has arisen from the machine or their parts and as per Section 3(5A) of the Cenvat Credit Rules, duty is payable on grinding scrap on the transactional value.

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Jitendra Suthar: October 2015 - jitusuthars.blogspot.com

Input tax credit will be admissible for capital goods used in the manufacture of taxable goods. Capital goods must be used continuously for a full period of five years within the State. How ever, no input tax credit would be admissible for capital goods purchased for the use in:

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Cenvat Credit Under Service Tax - CAclubindia

The Cenvat Credit Rules 2004 has followed the Modvat provisions of 1987. This has replaced the Service Tax Credit Rules 2002 which was in vogue for two years where initially the service tax credit within the same service was allowed and then expanded to allow credit of all services which went into providing of output service.

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