Submission of Annexures with/as a part of returns for the periods starting from 1 st April 2014 and onwards – Trade Circular No. 9T of 2014 of MVAT

Description The annual sales and purchases information is received by the Sales Tax Department from all the dealers. This information is received as a part of electronic audit reports (e704) and as a part of the last returns of relevant financial year. These annual annexures of sales and … [Read more...]

Cenvat Credit related to Service Tax

Every service provider may also a service receiver. Whenever he receives any service, he pays service tax on it to the service provider. Similarly, if he purchases raw materials or capital goods, he pays excise duty on the said goods.This system of taking credit on the tax paid and using the credit … [Read more...]