Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Manner of reversal of credit under special circumstances

Rule 9 - Final Rules - Input Tax Credit - Goods and Services Tax - Rule 9 - 9. (1) The amount of input tax credit relating to inputs held in stock, inputs contained in semifinished and finished goods held in stock, and capital goods held .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

n stock, the input tax credit shall be calculated proportionately on the basis of corresponding invoices on which credit had been availed by the registered taxable person on such input; (b) for capital goods held in stock the input tax cre .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

emaining life in months= 5 months ignoring a part of the month Input tax credit taken on such capital goods= Ç Input tax credit attributable to remaining useful life= C multiplied by 5/60 (2) The amount, as pr .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

nt under sub-rule (1) based on the prevailing market price of goods on the effective date of occurrence of any of the events specified in sub-section (4) of section 18 or, as the case may be, sub-section (5) of section 29. (4) The amount d .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version