what is excise duty, how much rate calculation on
manufacturing goods?
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Answer Posted / asghar alam siddiqui
This is the indirect tax charged by the central
government.It is charged on all goods manufactured in
India.Its value before 7th december was 14.42 % and now it
has been changed to 10.3 %.
| Is This Answer Correct ? | 76 Yes | 39 No |
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Suppose that a sub-contractor total work done for Rs.100 & he charged 10.3% service tax.Then total gross value will RS.110.30.On what amt you will (that means on total work done or total gross value)charged Retention@10%,WCT@3% & TDS@2%.
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