banner_ad

cess on "amount "

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 February 2009 if x manufacturer manufactured excisable as well as exempted goods and unable to maintain sapeate books of account in such a situation he has an option to pay an "amount"(not excise duty) equal to 10% of exempted goods.
As cesses are payable on excise duty and not on "amount"....
on the above "amount", x has to pay any education and higher education cess or not?

please reply
THANKSSSS...............
Profile Image

CA. B.SRINIVASULU

Profile Image

CA. B.SRINIVASULU (Expert)
05 February 2009 The amount paid by you is in lieu of excise duty. Therefore all amounts payable by you has to be suitably increased by Primary education cess and higher education cess.
Profile Image

nilesh kshirsagar

Profile Image

nilesh kshirsagar (Expert)
05 February 2009 Such Amount (10 % amount of exempted goods) is inclusive of edu. cess & Hs cess.
i.e (10 % + 2 % +1 % = 0.103

Regards

K-sagar


k-sagar Management Counsultant
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details