Do you know any tutions/lectures which will provide working knowledge of EXCISE/VAT/SALES TAX etc. if yes please tell me.

Dear Sir,

A manufacturing Company received a Purchase Order. According to this P.O.:- Mfg. Co. will send the material to M/s ABC Co.; ABC Co. have taken L/C and It will issue the 'Form C' to Mfg. Co. but ABC Co. wants to get delivered the goods to XYZ Co. directly and XYZ Co. take the Cenvat Credit; for this ABC Co. wants Mfg. Co. issue two invoices;

First- Commercial Invoice in the name of ABC Co. for the purpose of L/C and 'Form C'

Second- Excise Invoice under rule 11 in the name of XYZ Co. for the purpose of availing Cenvat credit by XYZ

My Question is:- Can it possible to issue two invoice in different name for same goods ?

If it is not possible, how can XYZ Co. availed cenvat credit?

please reply soon

with regard

hi every1,
plzzz tell me 4m where i can get cases on Cenvat Credit rules,2004. some of the practical instances
thanks in advance

A manufacturing company "A", through a due process of law and by scheme of arrangement approved by Hon'ble High Court, got demerged. The existing company "A” retained its legal entity and continued to exist as a project undertaking and executed its on-going domestic/local orders. The newly formed demerged company "B" became a 100%EOU. The export orders so far handled by company “A” and the land, plant, machinery, workers, staff, all future liabilities were transferred through a scheme of arrangement as above to company “B”, while the domestic orders and present liabilties were retained by Company “A”. Company “A” retained some of the old employees and some contract labourers for carrying out its activities. A revised layout of the factory showing the areas of operation of the two companies and the High Court Order copy were submitted to Central Excise Department as well as Customs Authorities. Company “A” continued to file monthly return and other periodical reports to Central Excise Department. The Central Excise Department after obtaining recorded statements from some of the employees and managers and production staff took away some files records and other documents from the two companies and alleged that Company “A” does not have manufacturing facilities as the machinery work force etc were transferred to company “B”. It issued show cause notice disallowing the entire cenvat credit available in the books of company “A” and also the cenvat amounts already availed for clearing its manufactured goods after the demerger date. It may be noted that Company “A” continued to execute its domestic job orders. Is the Department justified in disallowing the cenvat credit? I request our expert panel for their valued opinion on this serious issue. Sorry my query is quite lengthy as my intention is to present full facts of the case. If there are any decided case laws, please let me know. Thanks a lot.

i couldn't crack the last cpt...next exam on nov 4th...can i pass it by preparing 50days nd what r d tips to be remember, i mean which subject should be given importance nd if it is needed to look all chapters in detail?pls help me.....

if a business entity take a contract of trunkey project. ie fabrication, irrection ad commissioning of complete plant at site in which all material labour are provided by the receiver of contract.

in this stituation what are the implecations of direct & indirect taxes for the contractor. whether on this supply of plant central excise is applicable or service tax is applicable. pls give detailed opinion on this.

regards
ashish mittal

can u please help m in respect of plant at site in excise

a co. change his name but is making its sales invoice and P.o by older name. does it is a seriou thing

To Srinatha Sir,

As a mfg co we can get credit of service tax of excise payment

We have some fabricator contractor in company. some emps. are working under them

As per the contract, we have assured them to reimbers the insurance premium of emps.

Insurance company provied service bill to our contractor i.e. Bill In the name of Contractor. insurance company charged service tax in their bill.

Our contractor put the bill for reimbers the above exp with the final figer

So My Q. is that Can we get credit of the service tax which charged by insurance company?

I have purchased stock at cost of Rs.4 Lakhs form a bank which had been seized by bank from one of the manufacturing company. Now, on these goods neither bank or company has paid any excise duty. I have taken delivery at the factory premises of the company. Weather I am liable to pay excise duty on it?

Now, I want to sell these goods to a firm in which I work as an employee. I as an individual not registered under Vat, Excise etc. My firm is registered under Vat, Excise etc. Weather my firm is liable to pay excise,vat to me on purchase of these goods? What are indirect tax implication on me & my firm?