Interested to Buy Any Domain ? << Click Here >> for more details...
When Selling a goods to a party Excise Duty chargable on
VAT or not.
- 9 Answers
- 42899 Views
- I also Faced
- E-Mail Answers
Answer Posted / harrie007
Excise duty is charged on production.
it is after that, that the VAT is charged on the aggregate
of Assessable value and Excise Duty.
It can be understood as follows:-
COST
+PROFIT
-------------
ASSESSABLE VALUE
+EXCISE DUTY
--------------
AMOUNT BEFORE SALES TAX
+VAT
-------------
SELLING PRICE
-------------
I hope it will help you.
Regards
Harish
| Is This Answer Correct ? | 77 Yes | 11 No |
Post New Answer View All Answers
What are the treatment & implications if party doesn't provide C Form in interstate sales transactions & also same if provide C Form.
cst rates
Can we get excise and VAT credit form staff welfare goods like shoes, uniform, goggles etc.?
Making delivery challan is possiable between two branch of difference code
WHAT WE HAVE TO IF WE MAKE A BILL 5% CST IN PLACE OF 2% CST AND DIPOSIT THE TAX
Should we give C form with Freight, Insurance, P&F after CST?
What is supporting documents enclosed & must be required to Submit of quarterly & Yearly Sale Tax Return (Haryana)
Who is an assessee?
what is central excise tax
what is the objective of business taxation in private company?
How to calculate long term capital gain
What is tha Central sales tax rate 2010 in andhrapradesh
what is the percentage of vat like 4 % , 12.5 % etc ? how can do closing stock valuation ?
My client is a Partnership Firm and was converted in to the Pvt. Company. Now, the Question is that the both the entity i.e. Partnership Firm and Company entitled to get the Depreciation of Proportionarate basis, they used the Assets? I reffered to the Income TAx Act, there is no any specification regarding the convertion only the amalagamation and merger.
how to pass service tax reverse charge entry pass in books
