Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / devendar
An excise is considered an indirect tax
A tax on a good produced for sale, or sold, within a country or licenses for specific activities
It is also called as production or manufacturing tax, as this tax is levied upon production of an item and the manufacturer has to pay it. The end customer who buys the product is not liable to pay this tax.
Excise duty is levied on a number of products – for example, various alcoholic drinks and tobacco products – over and above VAT. A sample tax code can be as 10% VAT + 40% excise duty.
excise duty is levied by central government
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
What is the importance of good received/ invoice received clearing account?
What is meant by a “baseline date” in sap ar and ap?
What are the performances issue to be in mind when configuring profitability analysis (copa)?
How many chart accounts can be assinged to a company?
Why it is necessary to block an asset master record? : fi- asset accounting
How does partial payment differ from residual payment? : fi- accounts receivable
Explain revenue account determination in sd? : fi- accounts receivable
How many currencies can be configured for a company code?
What are the steps to be taken before you execute an actual costing run?
How do we create tasks? What is the difference between task and change request?
What is the global company code currency?
How the system will know that april is your first posting period?
What is the significance of sender & receiver cost elements & cost centers?
What is a local currency and parallel currency?
What is the new fi-gl in fi in ecc? : fi- general ledger accounting
