what is excise duty, how much rate calculation on
manufacturing goods?

Answer Posted / shantanu shankar

Exicse duty is the indirect tax levied by the state on the
manufacture or production of goods in india.The rate of
Basic excise duty 10%
Edu. Cess 2%
H.Cess 1% of (Basic + Edu. cess)

Is This Answer Correct ?    8 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how to calculate of FBT with example & what is Rate

1973


th point in when will details wil get filled in ER1 2a and 2B?capg

1327


Rules for filling Income Tax return for a domestic manufacturing company.

1996


Can you please provide me the present VAT precentages in Andhra pradesh and other states CST persentages with good's wise.

1560


witch taxes are calculate in CENVAT for Gold ornaments ?

1192






We have a constructed a goverment approved textile park in year 2007. will we have to pay Service Tax on that Construction Service?

1449


what is excise

1878


in gujarat. whether Vat is applicable if H form issue ?

1854


what is the detail procedure to filling ITR-I,ITR-II AND ITR- 1V V1 IE e-filling procedure

1570


Provision for Service tax, Income tax and Sales tax

1678


what is the scope of business taxation in private company?

1854


what is the rate of interest when an assesse paid tax after the due date in the prescribed time limit?

1483


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.

1459


what is the difference between captive consumption and cenvat in tally erp9 and when we have to use it

1849


I run a small consultancy firm (partnership with my mother) from my residence address. My firm is not registered, but I do have a separate PAN for it. I do not have any salaried employees. I get work done by freelancers and vendors and pay them against invoice. My annual revenues are just about Rs 5-6 lakhs. I am aware that I would need to register for service tax once I touch Rs 9 lakhs. But I am confused about my obligation to get a TAN and deduct TDS for all vendor/freelancer payments. Are there any minimum thresholds for withholding TDS? Right now I pay 100% of invoice amounts. Please advise.

1469