Dear Sir,
We are removed good from fctory on 15.03.2012.the unoin budget is released on this date. We want to know about the applicable of new rate or Old Rate . Please provide the guidance.
Regards,
Balendra Parmar.
3 Replies
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14497 Points)
Replied 16 March 2012
| Originally posted by : Balendra Parmar | ||
 |
Dear Sir, We are removed good from fctory on 15.03.2012.the unoin budget is released on this date. We want to know about the applicable of new rate or Old Rate . Please provide the guidance. Regards, Balendra Parmar. |
 |
Budget date 16.3.2012 and new rate applicable with immediate effect.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 16 March 2012
| Originally posted by : Balendra Parmar | ||
|
|
Dear Sir, We are removed good from fctory on 15.03.2012.the unoin budget is released on this date. We want to know about the applicable of new rate or Old Rate . Please provide the guidance. Regards, Balendra Parmar. |
|
at the time of clearance, when invoice is prepared before clearance, the applicable rates were old and hence old rates were applicable and payable.
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 18 March 2012
1. Budget was presented in Parliament on 16th March 2012 (and not on 15th March).
2. Revised rates of excise duty are applicable from midnight of 16th/17th March.
Recent Topics
- Political party donation under 80 GGC
- Self assessment tax paid during scrunity 143(2)
- Need inputs for my MBA Project (Accountant tools)
- GTA UNREGISTERED DEALERS
- GST ON IMPORT OF LEGAL SERIVCES
- JOB WORK OR SUPPLY OF GOODS
- Need ITAT appeal drafting services
- Section 10(14) exemptions
- UPI Transaction May Stop If Your App Does Not Foll
- ACCOUNTING ENTRY UNDER GST SECTION 17(5)(H)
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert04 February 2025
CAclubindia
