When Selling a goods to a party Excise Duty chargable on
VAT or not.

Answer Posted / ashim

Excise Duty depends on the prodoct itself, we have to find
if the product is a manufacturing products, generally the
tax is paid before the product is released from the
factory. It is mandatory to pay Central Excise duty
payable on the goods manufactured, unless exempted eg.,
duty is not payable on the goods exported out of India. In
few products such as Alcohol the duty is collected by the
state Govt. Excise duty is charge before the charge of VAT.

Is This Answer Correct ?    16 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What do u mean by sales tax and who are sales tax practitioner ?

1894


if a buyer paid full cst 14.5% for a redistrable assect then whatis the registration process?

1664


What are Excise Duty rates for Fin.Year 2009-10 for Pesticides and Chemicals Industries.

1874


If anybody have knowledge about opening for the post of accountant(for Gurgaon/Delhi) kindly mail me verma_moti@yahoo.co.in. I am handling accounting sales tax/vat,Excise,service Tax,Tds and MIS.

1462


we are Rising contractors(Propritorship concern) and register with "mining of minerals" service. we rise the bills to mine owner (we do not add the service tax in bills) monthly. can we eligable for paid to service tax.

1532






Sir, We purchased coal from NCL on CST basis. An incentive is paid on the basis of performance basis of NCL. NCL Raise there incentive bill for Rs. 1000+CST2% Rs.20 Total Rs. 1020/-. But As per Our Calculation, Incentive bill should be Rs. Basic 900+18 (CST)total Rs. 918. We argue and disputed and paid only Rs. 918/- . After Some time they also agree that incentive amount should be Rs. 900+CST but Now they revised the bill like this Basic Incentive Rs. 900+CST Rs.20/- (Original Tax value). And now they are demanding C for with CST 20/- but our pleas is that we are not liable for the mistakes made by the NCL and will issue C for for Rs. 18 Only. Now They are demanding C for for difference of Rs. 2 of CST. My Question is what should be the actually value of C form for CST ie. Rs. 18 or 20. considering the fact that we accounted only rs. 918/- in books and disputed is resolved after one year for basic value.

1444


I MR A REGISTER DEALER IN MUMBAI [MAHARASHTRA], I WANT TO PURCHASE GOODS FROM BANGLORE AND DIRECTRY SALE TO HYDRABAND. IN THIS CASE WHO TO MAKE / PREPARE MY SALES BILL IN MUMBAI AND WHICH SALES TAX FORM I WHAT TO ISSUED.

1544


CAN TWO VECHILE PASS TO RAJASTAN FROM NASIK ON ON ROAD PERMIT

1612


please tell me friends what are the formats of excise return and vat return?

1681


how to pass service tax reverse charge entry pass in books

3020


Explain the Calculation of Sales Tax?

1616


what the procedure of filing mvat pls. explain in briefly ?

1768


Hi,when we pass a clearing entry of paid and unpaid tax how do we show the business area the way the business area can be seen.is there any change that i have to do in the configuration of this GL.my client wants that the business area also reflects when we post the gl.please help.

1596


in case of vehicle hired for staff pick up & drop for 1 month or 1 year, TDS is applicable ? if yes then which code is mention in challan & which rate is applicable ? in case of vehicle orner is personal or company which rate applicatble ?

1541


DEFINATION OF INCOME TAX , WEALTH TAX , INDIRECT TAX ,DITECT TAX , AND CORPORATE TAX ?

2838