Today's indirect tax paper
Page no : 2
sharique
(Student CA Final )
(51 Points)
Replied 16 November 2017
Sumit Behal
(2 Points)
Replied 17 November 2017
1) arbitral to arbitral is like service to self even if different branch / office. hence it is not taxable.
2) Q1 a) job work amount should not be included in valuation because it is under exemption notification, even manufacturer is not liable to pay duty for it. Option I to select SSI exemption should be choosen as entire 150 lakhs turnover will be exempt by way of basic exemption of SSI unit. If he do not avail SSI exemption then duty is payable after setting off cenvat credit.
Tia maanu
(student)
(51 Points)
Replied 17 November 2017
Narendra mahadev hegde
(ARTICLESHIP STUDENT)
(246 Points)
Replied 17 November 2017
khader
(student)
(44 Points)
Replied 17 November 2017
@ narendra plz check it out was it "brand of others" or "BRAND OF HIMSELF"
Narendra mahadev hegde
(ARTICLESHIP STUDENT)
(246 Points)
Replied 17 November 2017
Wasim Mohamed
(Student)
(158 Points)
Replied 17 November 2017
It felt easy on first viewing. But as I began to write, it got so confusing ! And Qn 1 (a), I included job work charges in valuation because I thought job work under notification 214 is to be excluded only when calculating the limit of 400 lakhs. Anyways, hoping for some marks for the remaining part of answer.
@ Narendra - duty is not at all payable because its his own brand name. wording is "Mr Premkumar planned to manufacture one lakh switches under the brand name "sketches" registered under HIS NAME during 2016-17" this clearly proves that its his own brand name. so its alwasys eligible for exemption upto 150 lakhs if SSI option selected. Hence its better for him to avail SSI exemption.
Narendra mahadev hegde
(ARTICLESHIP STUDENT)
(246 Points)
Replied 17 November 2017
Prabhat Modi
(Student)
(301 Points)
Replied 17 November 2017
todays idt paper was just like a famous song of Jagjit singh "जाते जाते तुमने आवाज तो दी होती"
Anmol Davesar
(Chartered Accountant)
(818 Points)
Replied 17 November 2017
Rahul Sharma
(41 Points)
Replied 22 November 2017
Recent Topics
- Nznxnc call me at the end of the day of the
- Cp chod doob zoom vo book book
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
Related Threads
CAclubindia
