Calculation of base price.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2014
Dear All,
Net price of a product is say Rs. 6130 which is inclusive of 10.3% of Excise on Base price and again 2% CST on Base+Excise. What would be the formula to determine the base price,excise and CST.
Could anybody be generous to inform.
Thanks & regards
Net price of a product is say Rs. 6130 which is inclusive of 10.3% of Excise on Base price and again 2% CST on Base+Excise. What would be the formula to determine the base price,excise and CST.
Could anybody be generous to inform.
Thanks & regards
Arun Kumar Singh
(Expert)
05 September 2014
The excise duty will be paid on transaction value. Duty will not be paid inclusive.
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