12Jul

what is gst

Posted by govindan

whether gst payable for contract services

Please provide the details of the contract services

19Jul

Restaurant services

Posted by RAVIKUMAR

What is the rateof GST on Restaurant services

As per Notification No.46/2017 CT Rate dated 15.11.17 GST on restaurant services is 5% irrespective of whether air conditioned or not and...

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23Jun

Anti dumping duty

Posted by KKS Kumar

Is Anti Dumping duty is applicable for import of Ceramic Tablewares and Kitchenwares from China ? If yes what percentage of duty ?

Yes, The GOI has imposed Anti dumping Duty on Ceramic tablewares and kitchenwares vide Notification No.4/2018 Customs (ADD) dated...

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25May

Duties and taxes relaxation to SEZ units

Posted by KKS Kumar

Since we are in Special Economic Zone, for all purchases both import and indigenous we are not paying duties and taxes. The CST is nil against I - Form, the KVAT is nil against Form 43 , the Excise duty is nil against ARE-1 form and the Customs duty is nil against Bill of Entry. We would like to know whether there is any change in this system ? What are the other impacts in procurement action .

Under the new taxation the CST,KVAT and Central Excise duty are clubbed to GST. The GST Council has decided the rate of GST schedule for ...

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02May

Waiver of Penalty

Posted by NK

Dear Sir, Kindly let me know that is there any provision to waive the penalty imposed under Rule 15(1) of the CENVAT Credit Rules, 2004 if the demanded amount and applicable interest paid before the issuance of the Order -In-Original. Is there any provision in Central Excise to get the waiver of penalty imposed under other section after the issuance of the order. Regards, NK

there is no provision for waiver of penalty under rule 15(1). the penalty is imposed in terms of section 11AC of CEA. If the notice is...

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13Apr

Refund of excess interest paid

Posted by NK

Dear Sir, Due to calculation mistake, we have made an excess interest payment than the actual. This had done almost 4 months back. In this regard, kindly guide me by informing the Excise Rule/Section and forms to be used to apply for the refund of Excess interest paid. Rgds, NK

The procedure for refund of excess duty of excise and interest paid as prescribed under section 11B of CEA 1944 may be applied for the...

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06Apr

Export Of Capital Goods.

Posted by NK

Dear Sir, We have imported used tools for our manufacturing purpose and taken the Cenvat Credit (50%) for the duty paid. Balance 50% will be taken in the next FY. After 2 years, we are planning to send the same back to the Supplier. In such a scenario, at the time of Export which of the following will taken into consideration. 1. CCR 3(5A) will be applicable when this item is removed for Export? 2. As per CER 19, Any excisable goods may be exported without payment of duty. Regards, NK

Since cenvat credit has been taken for the imported goods under CCR 2004, any clearnce (home or export) of imported goods for which credit...

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29Feb

Transport of passengers, with or without accompanied belongings, by a contract carriage other than motorcab

Posted by Narayanankutty

Dear Sir, As per Notification no 08/2014 dtd 11.07.2014, for the SL # 9A, 40% of the Service Tax is leviable. Kindly let us know who has to pay this tax, Service provider or Receiver? Regards, Narayanan Kutty.

As far as the service is transport of passengers and not renting of motor vehicle,the service provider has to pay the service tax as the...

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27Feb

Procedure for removing raw materials from Excise Manufacturing stock - like damaged/life expired /material cannot be used for future projects

Posted by DEEPA

Sir , Shall we remove the 'damaged/life expired /material which cannot be used for future projects' -raw-materials/ inputs from stock with payment of Excise duty on its actual cost+margin. [same as home consumption rule].Kindly guide.

If cenvat credit has been taken for the said raw materials/inputs you can remove the same under rule 3(5) of cenvat credit rules 2004...

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27Feb

Dealer excise billing

Posted by DEEPA

Sir, Is it necessary to show the Assessable value and Quantity of purchased material, in Dealer excise bill while passing cenvat credit to the buyer. We as an excise dealer maintaining proper RG-23D on pro rata basis ,so is it enough to add the RG-23D no and date in excise bill for buyer -MODVAT/CENVAT benefit.Kinldy guide .........................................................

the relevant provisions for availing cenvat credit for dealer invoices are Rule 9(1)(a)(iv), 9(2) and 9(4) of Cenvat Credit Rules 2004....

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