Excise Duty is a tax and CST is also tax then why CST on
excise duty while calculating to arrive total value of
supply order?
Answer Posted / rashmi
Excise duty is payable on goods which are manufactured,
movable , marketable & which are mentioned in tariff.Only
Excible manufacturing goods which cross the factory gate
attract Excise duty.
While CST/VAT applicable on subsequent sales on value
added.Tax applicable only if the sales is made.If goods lie
in godown tax is not applicable.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
My unit is a manufacturing unit and deals in Auto-parts and registered in Central Excise,Service Tax and Sales Tax. Now,we intend to import machines in the company for sale them in Local market.What procedures we have to follow for the aforesaid purpose?
HOW TO FILL UP WEST BENGAL VAT FORM 14. NOT TECHNICALLY I AM AWARE ABOUT THEIR MANUAL. BUT I WANT TO KNOW POINT BY POINT.
how many sale tax charged on the billing for central dealer by uttar pradesh dealer at furniture items ? & how many sale tax charged for u.p. dealer by up dealer ?
when wct@8.75% is charged from the vendor. How much TDS has to be deducted against it??
#IS IT NECESSARY TO COLLECT T.C.S ON EVERY POINT OF SALE# THAT IS IF MANUFACTURER SOLD ANY OTHER FOREST PRODUCE NOT BEING TENDU LEAVES (T.C.S @ 2.5%)TO TRADER,IS IT NECESSARY FOR TRADER TO DEDUCT T.C.S.MANUFACTURER ALREADY CHARGED T.C.S TO TRADER & ISSUED TO TRADER 27-D FORM.WAITING FOR CLEAR CUT REPLY
1. Why some companies are not deducting the TDS or WCT on their clients Invoice.,? 2. How companies are getting exemption from Deduction TDS or WCT. ?. 3. What are the procedure for not to deduct the TDS or WCT on client invoice while making payment for their Invoice.?.
hi,when i am posting an entry on service tax it is not showing the business area.please guide me how to configure the business area so that the entry also shows the business area.please help as i need to configure it.
Dear Sir, Regarding for WCT, IF FORM DVAT-43 MADE FOR DELHI STATE.So Is there any Form availabe for Haryana State. Would request you to please let know Answer in Yes or No or which form is available for HR State If do you have any kind of list for same please have suggested me.
WCT charged on firm or on proprietor?
I had filed e-filling IT Return for A.Y.2011-12 before 1yr but yet I have not get Refund & not seen refund status at on income tax site now I filed e-return for A.Y. 2012-13 now what i do for refund A.Y. 2011-12?
ER-5 & ER- 7 ER -4 related all information 1) What Fill The ER-5 & ER- 7 ER -4 2) What Infomation Fill In the return
how to calculate entry tax interest rate 2011-2012 assessment pending amt. is Rs.32000
What is cenvat credit?
What is the general format for a consolidated file extension? It is showing invalid file format? So how to solve the error? How to correct the file format? Help me how to know the general consolidated file format like is it tan no_finan.Yr-quarter-type.Tds is this format correct one? Last time i have found the extension as .Csi is it correct?
When & how vat audit takes Place in haryana. Is Scrutiny & vat audit is same?