The answer of all your question about the new Form 26AS From this year, you will see many new things in Form 26AS. Now it will also have information about tax refunds and demand (if any). Along with this, there will also be details of the shares purchased, real estate transactions, credit card bills. Come, […]
Tag Archives: Input tax Credit
Hidden ambiguity on Cenvat credit on rent-a-cab Refusing to CENVAT credit on rent-a-cab services is good for revenue officers. Period till 01.04.2011, courts and tribunals allowed the credit however with action of specific exclusion in the definition of ‘Input service’ so as to disallow the credit on rent-a-cab services, most of the assessee’s became ineligible […]
Input Tax credit under GST Model This is the seventh in the series of proposed articles at the GST version regulation. The motive is mainly to create focus and allow one to study the accidental impact as perhaps applicable for each quarter/ man or woman. it may also useful resource in illustration wanted for modification […]
Distribution of Cenvat Credit by Input Service Distributor “Input service distributor” is defined in Rule 2(m) of Cenvat Credit Rules, 2004.In simple words a input service distributor is a head office/intermediary office which controls the business of manufacturer or producer of final products or output service provider and performs following activities:-
Cenvat Credit is allowable when invoices destroyed in fire Even though invoices have been destroyed in fire but if invoices have been recorded in the ledger and books of account of the respondent the Cenvat credit cannot be denied. Respondent could not have recorded the invoice in the ledger unless physical invoices were available. It […]