can anyone tell me that how the excise duty will be calculated if implemented GST this year and Exemption of 1.50 crore to small manufacturer will be continue or not in GST Act.
05 August 2016
Excise Duty will be Subsume in GST. No Excise duty. Only GST will be applicable. Exemption of Rs. 1.50 Cr to small manufacture will not be continue.
CAclubindia
