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
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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.
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