Follow Us :

Archive: 02 December 1996

Posts in 02 December 1996

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 7332 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Clarification reg. Availment & utilisation of Modvat credit on machines purchased but not put to use prior to 7.1.1996

December 2, 1996 325 Views 0 comment Print

Circular No. 277/111/96-CX It has been brought to the notice of the Board that credit have been denied/ sought to be denied by the field formations in cases where the assessees having their factory/ unit already in operation, had availed and utilised Modvat credit of specified duty on capital goods immediately after receipt of the capital goods in their factory

Availment of Modvat credit on components, spares and accessories under Rule 57Q of the Central Excise Rules, 1944

December 2, 1996 2779 Views 0 comment Print

Circular No. 276/110/96-TRU Rules 57Q of the Central Excise Rules, 1944 allows credit of duty paid on capital goods used by the manufacturer of Specified goods. Capital goods eligible for credit have been defined in Explanation (1) annexed to Rule 57Q. Clause (a) to (c) of the said explanation cover specified capital goods falling under Chapter 82, 84, 85 and 90 and clause (d) covers components, spares and accessories of the said capital goods.

Circular No. 747-Income Tax Dated 2-12-1996

December 2, 1996 964 Views 0 comment Print

Circular No. 747-Income Tax Reference is invited to Circular No. 724, dated 29th September, 1995 wherein the rates of deduction of income-tax from the payment of income under the head “Salaries” under section 192 of the Income-tax Act, 1961, during the financial year 1995-96, were intimated. The present Circular contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 1996-97 and explains certain related provisions of the Income-tax Act.

Search Post by Date
May 2024
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031