Answer Posted / bhaskar

MATERIAL BASIC VALUE IS 10000
THEN YOU CALCULATE DUTY-10% ED CESS-1%,SH CESS-1% AND VAT-4%

IF MATERIAL IS EXCISABLE MATERIAL VAT CALCULATION IS HERE UNDER

MATERIAL BASIC VALUE=10000

DUTY

10000*10%=1000

CESS

1000*2%=20
1000*1%=10

TOTAL VALUE OF MATERIAL=11030

THEN AFTER YOU CALUCULATE VAT LIKE HERE UNDER

VAT-11030*4%=441



IF THE MATERIAL IS NON-EXCISABLE THE VAT CALCULATION IS HERE
UNDER.


BASIC VALUE-10000

VAT-10000*4%=400

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