Queries
This query is : Resolved
14 June 2009
Please clarify the following queries :
a. Cenvat Credit pro-rata
b. SuspenseAccount
a. Cenvat Credit pro-rata
b. SuspenseAccount
14 June 2009
The pro rata credit is contained in Rule 5 of the CCR. Rule not clear but principles are as under:
1. Input used in providing non taxable / exempt services are not eligible.
2. Specific input services used for non taxable / ex services exclusiovely not eligible.
3. Similarly used ofr taxable exclusively allowed fully.
4. IS used commonly - specified 16 ( Rule 6 (5) available 100%.
5. Other input services available proportionate basis.
I do not understand your question wrt suspense account.
1. Input used in providing non taxable / exempt services are not eligible.
2. Specific input services used for non taxable / ex services exclusiovely not eligible.
3. Similarly used ofr taxable exclusively allowed fully.
4. IS used commonly - specified 16 ( Rule 6 (5) available 100%.
5. Other input services available proportionate basis.
I do not understand your question wrt suspense account.
14 June 2009
Thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Gst Sales of FY 2023-24
- RCM - commercial rent paid to URP under GST
- SEC 54 OF IT ACT
- Payable outstanding for years disallowance
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- TDS NUMBER SURRENDER
- Need help with business structure for setting up a new business
- TDS applicability on Service through ECO
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
