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Hi,
Is there limit of applicablity of excise payment for any
orgnization...??
what is date of excise payment..??
Excise return date & what procedure & how to take benifit
availing service tax in excise return..?
What form reuire for Excise Return..??
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an excies tax is a type of tax charges on googs produced
with in the countery. It is a tax on production or sale of
Goods this tax is known as the central valuadded tax (
Cenvet)
this tax is paid by every manufacture on his production.
( except Exempted goods)
The payment date for excise tax is 5th of every following
month.( challan GAR-7 used for payment)
and the excise return date is 10th of every following month.
(except SSI)
Form 1- monthly return used by Large Unites.
Form 2- monthly return used By Export oriented units.
Form 3- Quarterly return used by SSI.
Form 4- for anual return.
We can clain only input excise tax against Output excise
tax. i.e. Excise Tax = out put excise - input excise
Rate of Excise tax is change Product to Product.
But it is on most of the product is ( 12.36%) 12%+2%+1%
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