Interested to Buy Any Domain ? << Click Here >> for more details...
what is excise duty, how much rate calculation on
manufacturing goods?
- 113 Answers
- 253921 Views
- Agricon, Bajaj, CMS, Gaurav International, Genpact, Janpact, KJH, MahaGenco, Manufacturing, Mennen Industries, Pharma, Reliance Communications, VSS, I also Faced
- E-Mail Answers
Answer Posted / anubhav verma
Excise Duty (ED) is the amount calculated by the Central
Excise Department (CED) on the goods actually produced by
the manufacturing units / plants having set up location
within India. the excise duty is a kind of a tax which is
generally being changes on the total value of the goods
produced either for export or to satisfy the domestic wants
or intra supply of the commercial transactions and for
exports as well. The excise duty is calculated by
evaluating or taking into consideration the followings -
Basic duty (burden)8% + EDU. Cess 2% + H. Cess 1% +
additional implication if required to be levied.
It is a kind of a indirect tax which is gonna paid by the
manufacturer of the company or as a company as whole.
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
How to file the CST return and which form is use.
Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///
calculation of Tds on subcontractor
explain the special provisions for computing profit and gains of retail business
What are Excise Duty rates for Fin.Year 2009-10 for Pesticides and Chemicals Industries.
we are a manufacturer unit can we purchases of building material agst form "C" or vat C4?
I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com
If any body have knowledge for vacate position for the post of Accountant kindly mail me verma_moti@yahoo.co.in (handling Accounting upto finalisation,Sales tax/vat,TDS,Service Tax,Excise tax and MIS.
My Question is regarding WCT. During an audit of a company, i saw a contractor consolidated invoice for installation at site in which it shows labour charges and goods supply separately and no service tax and vat is charged. The company pay the whole amount to contractor after deducting TDS. my question is whether WCT also deducted? if deducted at which rate if company in gurgaon?
If any new form open than we are able to deduct TDS on first year
'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.
if i have a educational loan on my name, can i show for tax exemption on current year income tax? Is it applicable for tax exemption (educational loan)
over all details about tax what is mean by headge fund and detail explanation?
If we are placing the order in amazon on behalf of the customer who is ordered from other e-commerce sites and the goods is directly billed to the customer address from the amazon sellers and for the same we are receiving some profit at that in our books of account what entries need to be passed...?? do i eligible to get the ITC on the GST amount paid..??
how to filing rt-1
