Assessable amount for charging cst
This query is : Resolved
02 August 2014
our unit is in excise so while charging CST what will be the assesable value for charging CST like i.e if my prices is Rs. 65/- + 6/- CEx. so i have to charges CST on 65/- or 71/-
02 August 2014
when we make provision on March ending then the service tax input included in that how it is to be treated ????
can we take the credit in the same financial year or after payment ???
can we take the credit in the same financial year or after payment ???
Guest
Guest
(Expert)
02 August 2014
you wil have to charge cst on 71 dear... excise is part of cost of goods na...
Guest
Guest
(Expert)
02 August 2014
i didnt got ur que pratiksha...........
02 August 2014
As per Rule 4(7) of Cenvat Credit Rules ,you can take cenvt credit in respect of inputs service on or after the day on which invoice is eceived frm service provider.
So in your case in respect of input services whose invoice has been received by you in March,the Cenvat Credit can also be taken in March.
So in your case in respect of input services whose invoice has been received by you in March,the Cenvat Credit can also be taken in March.
02 August 2014
Mr. Ankit if MRP rules are implimented to me then also the assesseable value will be inclusive of central excise.
Guest
Guest
(Expert)
02 August 2014
for the purpose of cst , yes it is dear
09 August 2014
CST to be charged on Basic + Duty i.e on 71 Rs
09 August 2014
Service tax credit can be taken if physical invoice is with you.
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