When Selling a goods to a party Excise Duty chargable on
VAT or not.
Answer Posted / harrie007
Excise duty is charged on production.
it is after that, that the VAT is charged on the aggregate
of Assessable value and Excise Duty.
It can be understood as follows:-
COST
+PROFIT
-------------
ASSESSABLE VALUE
+EXCISE DUTY
--------------
AMOUNT BEFORE SALES TAX
+VAT
-------------
SELLING PRICE
-------------
I hope it will help you.
Regards
Harish
Is This Answer Correct ? | 77 Yes | 11 No |
Post New Answer View All Answers
how to adjustent the accounts part of the company and how to calculate vat and gst .kindly answer me sir. my e-mail id is:- dipak92.dip@gmail.com
What extra accounts and legal formalities are maintened In excise firm other then normal saling firm.? also tell me tax aspect in Excise firm?
If any new form open than we are able to deduct TDS on first year
We have a constructed a goverment approved textile park in year 2007. will we have to pay Service Tax on that Construction Service?
vat return dates for uttrakhand
M paying salary of Rs. 22500/-, 21500/- & 17500/- to my employees, frm June 2010. I still have not deduct TDS from their salary. I have not applied for TAN No. M also paying rent of Rs. 50,000/- pm. And also have not deducted TDS on it. What should I do now?
The value of the tax invoice is lesser than the value on the state permit. Is this acceptable.
I AM INTO AN EXPORT COMPANY MANUFACTURING GARMENTS. I AM PURCHASING AN INTERSTSTE ITEM AND PROVIDED FORM H NOT C. COULD I BE ABLE TO GET ANY EXEMPTION FROM TAXATION AND WHEATHER I HAVE TO CLOSE MY SALES TAX ACCOUNT FOR PROVIDING FORM H, AND IF AGAIN I COULD BE GET ANY EXEMPTION FROM FORM C ISSUING FOR THE SAME COMMODITY AND SAME SUPPLIER.
can i adusted our vat credit in W.C.T. payable?
How many turnover company active TAN no applicable and how many deduction % of service.
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?
Can we use ST-38 outward form for a sale of Rs-100000/- with in the state i.e haryana
i dont no what is tcs and tds what the use and how to calculate Tcs&Tds
How to calculate the TDS
Hello Sir, Please send the knowing calculation of attrition rate?