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 are shortened fiscal year? When are they used?
how to control transport cost with sale invoices :- I want to know how to map tranport cost with respective sale invoices. This help us to avoid duplicate transport payment. As in PO freight condition is maintained ,is there is anyway to link or map transport cost with sale invoices
What is the purpose of payment methods and when are they stored?
Once you have captured all the costs and revenues how do you analyze them?
View / tahle v_anka_08 can only be displayed and maintained with restrions
in payment terms what is the use of day light?in fsg 1 feild we can not control what is that feild.pls give the ans for this 2 questions
How do you configure the sapscript form financial statement version?
What are the categories of variances in co-om-cca? : co- cost center accounting
What is an intermediate bank? : fi- general ledger accounting
What does field status group assign to a gl master record controls?
Explain posting of costs to cost centers? : co- cost center accounting
What is the report painter?
What is a document type? : fi- general ledger
How to setup the performance base payment process?
What are table buffers?
