Cenvat Credit
Service Tax liability is huge amount and so system of claiming
Cenvat Credit on Inputs and input services is developed.
Organised businesses
can pass through technicalities of Cenavat Credit Rules and can
claim Cenvat Credit. For this purpose there is no need to
examine various inputs examine as to which input or input
service is going into taxable service, which one into exempted
service and which one are common to taxable and exempted
services. Through this analysis it shall be possible to take
cenvat credit properly without attracting additional liability
under Rule 6 of Cenvat Credit Rules.
Proper claim of Cenvat Credit reduces cash outgo on payment of service Tax and at the same time reduces the cost of inputs/input services leading cash payment of taxes on value addition only. If cenvat credit is not properly taken, it will result in addition of tax element in the cost of input/output services and higher cash outflow on payment of service tax
Service Tax
Service Tax - Liability of Service Tax
Cenvat Credit on Inputs and Input Services-Service Tax
Service Tax Law Procedure -Time Limit for raising Demand
Declared services under Service Tax Law
Negative List of Services under Service Tax Law
VAT
Tax Periods: Delhi Value Added Tax (DVAT): First Tax Period, Subsequent Tax Periods
Due date for filing Delhi Value Added Tax (DVAT) Return: Last date to file VAT Returns
Registration procedure of Central Sales Tax: Documents and fee to register with CST
Updated rates of Central Sales Tax w.e.f. 1.6.2008: Latest CST Rates
Forms under Delhi Value Added Tax (DVAT): Form DVAT 01 onwards
Forms and Declarations under Central Sales Tax Act Form Nos A, B, C, E-I, E-II, F, H, I, J, T-2