Description
deals with CE,SALES TAX ETC
Indirect taxation
Common topics In Central excise ,customs & service tax T.VENKATARAMANAN.FCS.FCA(COST).
INTRODUCTION.
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UNDER INDIRECT TAXES WE HAVE 3 MAJOR TAXES. They are 1)central excise 2)customs & 3)service tax , being under the same ministry of finance, final departmental appellate authority – the tribunal ,all have the natural basic thinking & approach . Many provisions of CE are applicable to service tax & many to customs & vice versa. Such areas are commonly dealt with in these slides.
Welcome and Introduction
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?
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Welcome the staff members to the session. We will take up assessment , adjudication, penalties etc Including appeals
Assessment & audit
?
?
Defn. of assessees : Rule 2 ( c ) of CE Rules define assessee as a person who is liable for payment of duty assessed,producer, manufacturer,or ware house keeper of excisable goods or his authorized agent Assessment means determining the tax liability.
Fill in the blanks:
1)Assessment under central excise is basically ___________ based ____ 2)In the case of ________ the superintendent/inspector of CE shall assess the duty payable before _____ __ goods. 3)Monthly returns are to be in _____ ____ & ____ forms along with _____. 4) The scrutiny has to done in 2 stages ,They are a) ______ & b)_________ 5) In case of customs _______ & ________ is an assessment order.
Ans: 1)invoice based ; self assessment 2)cigarettes; removal , of 3)ER1/ER II/ERIII/; SELF ASSESSMENT MEMORANDOM 4)Scrutiny of return; scrutiny of assessment 5)Bill of entry; shipping bill
True or false
1)Assessment order is there in customs but not in excise & service tax 2)If valuation shown by assessee is not accepted by dept. order with reasons Have to be issued with in 45 days. 3)Scrutiny of return & assessment should be completed with in 3 m0nths from the date of receipt of return. 4)After initial scrutiny 5% of the returns will be selected for scrutiny of assessment . 5)Extension beyond 1 year , for further period can be granted by commissioner. 6) DEPARTMENT CAN ORDER PROVISIONAL ASSESSMENT Ans: 1)T 2)F -15 DAYS 6) F – CAN NOT 3) T 4)T 5)F –CHIEF COMM.
Topic
ROVISIONAL ASSESSMENT
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Explain WHEN IT CAN TAKEN UP? Explain when provisional & how , (conditioned to be fulfilled) provisional duty can be paid. Finalisation of provisional assessment.
Topic :remission of duty
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Define remission of duty Explain WHEN IT CAN be granted .(Rule 21) Explain the provisions.
True or false
1)Application should be submitted after removal of goods for Remission of duty 2) Remission of duty is permitted even If goods are not entered in stock register. 3)Remission Has to be given even if intimation not given with in 24 hours. 4)Remission has to be granted if molasses was damaged due to rain water. . 5)Remission need not be granted if goods are destroyed by fire. . 6)Remission has to be given despite insurance claim..
Ans: 1)F-BEFORE
2)F -
3) T
4)T
5)F – 6)T
Vocabulary
?
Provide a list of terms and their definitions.
Topic Two
? ? ?
Explain this topic. Give an example. Provide an exercise to reinforce learning.
Summary
? ?
?
List the topics that were covered. Explain any requirements for applying this training on the job. Request feedback about this training session.
More information
? ? ?
List other training sessions. List books, articles, and online sources. List consulting services and other sources.
doc_693451912.ppt
deals with CE,SALES TAX ETC
Indirect taxation
Common topics In Central excise ,customs & service tax T.VENKATARAMANAN.FCS.FCA(COST).
INTRODUCTION.
?
?
?
?
?
UNDER INDIRECT TAXES WE HAVE 3 MAJOR TAXES. They are 1)central excise 2)customs & 3)service tax , being under the same ministry of finance, final departmental appellate authority – the tribunal ,all have the natural basic thinking & approach . Many provisions of CE are applicable to service tax & many to customs & vice versa. Such areas are commonly dealt with in these slides.
Welcome and Introduction
?
?
?
Welcome the staff members to the session. We will take up assessment , adjudication, penalties etc Including appeals
Assessment & audit
?
?
Defn. of assessees : Rule 2 ( c ) of CE Rules define assessee as a person who is liable for payment of duty assessed,producer, manufacturer,or ware house keeper of excisable goods or his authorized agent Assessment means determining the tax liability.
Fill in the blanks:
1)Assessment under central excise is basically ___________ based ____ 2)In the case of ________ the superintendent/inspector of CE shall assess the duty payable before _____ __ goods. 3)Monthly returns are to be in _____ ____ & ____ forms along with _____. 4) The scrutiny has to done in 2 stages ,They are a) ______ & b)_________ 5) In case of customs _______ & ________ is an assessment order.
Ans: 1)invoice based ; self assessment 2)cigarettes; removal , of 3)ER1/ER II/ERIII/; SELF ASSESSMENT MEMORANDOM 4)Scrutiny of return; scrutiny of assessment 5)Bill of entry; shipping bill
True or false
1)Assessment order is there in customs but not in excise & service tax 2)If valuation shown by assessee is not accepted by dept. order with reasons Have to be issued with in 45 days. 3)Scrutiny of return & assessment should be completed with in 3 m0nths from the date of receipt of return. 4)After initial scrutiny 5% of the returns will be selected for scrutiny of assessment . 5)Extension beyond 1 year , for further period can be granted by commissioner. 6) DEPARTMENT CAN ORDER PROVISIONAL ASSESSMENT Ans: 1)T 2)F -15 DAYS 6) F – CAN NOT 3) T 4)T 5)F –CHIEF COMM.
Topic
ROVISIONAL ASSESSMENT? ?
?
Explain WHEN IT CAN TAKEN UP? Explain when provisional & how , (conditioned to be fulfilled) provisional duty can be paid. Finalisation of provisional assessment.
Topic :remission of duty
? ?
?
Define remission of duty Explain WHEN IT CAN be granted .(Rule 21) Explain the provisions.
True or false
1)Application should be submitted after removal of goods for Remission of duty 2) Remission of duty is permitted even If goods are not entered in stock register. 3)Remission Has to be given even if intimation not given with in 24 hours. 4)Remission has to be granted if molasses was damaged due to rain water. . 5)Remission need not be granted if goods are destroyed by fire. . 6)Remission has to be given despite insurance claim..
Ans: 1)F-BEFORE
2)F -
3) T
4)T
5)F – 6)T
Vocabulary
?
Provide a list of terms and their definitions.
Topic Two
? ? ?
Explain this topic. Give an example. Provide an exercise to reinforce learning.
Summary
? ?
?
List the topics that were covered. Explain any requirements for applying this training on the job. Request feedback about this training session.
More information
? ? ?
List other training sessions. List books, articles, and online sources. List consulting services and other sources.
doc_693451912.ppt