cess on "amount "
This query is : Resolved
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...............
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...............
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.
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
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Booth for sales promotion
- Capital Gains on sale of residential flat
- F & O PROFIT REPORTING FOR AY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
