A company which is in the line of manufacturing and trading what are the different type of taxes it should pay to bring the finished product for sale. If you can explain the process of taxation i.e. excise,vat ,etc stagewise application on the manufactured product, it would be better. want clarity on this topic thanks ,Ram
Menu
types of taxes a manufacturing entity incurs
Replies (2)
there is two types of taxes involved in such process.
For production activity excise duty will be llvied.
There after at the time of sale, Sale tax (CST, and Vat and any other duty) imposed by state govt. will be levie.
A manufacturing company has to pay Excise Duty extra and all other taxes are same as other industry i.e Sales tax and other State govt taxes but keep in mind the excise duty is paid only when there is manufacturing of excisable goods in india.
Recent Threads
- Why do so many SMEs struggle to scale?
- ITR Processing Delay 2025 — Common Reasons &
- Heard & Seen Around – Your Daily Economi
- First time itr4 filing
- Notice of not filing GSTR 10 after 7years
- Turnover not shown in GTSR -3B want to add and pay
- Suggestion needed for CA Inter Costing for Jan 26
- Heard & Seen Around – Your Daily Economi
- Longterm Capital gain exemption on sale of residen
- Purchase of second hand spares to machineries
Related Threads
CAclubindia
