Excise & entry tax information
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2012
plz can anybody tall me what is the excise & entry tax & how i Handel its in account
like rate of %,entry, calculation & many more information
like rate of %,entry, calculation & many more information
Rajnish Singh
(Expert)
14 August 2012
DEAR,
BOTH ARE VERY SENSITIVE AREA,
EXCISE : CALCULATE YOUR PAYABLE LIABILITIES WHATS HAVE TO PAY ON SALE .
AND CALCULATE YOUR CENVAT INPUT CREDIT WHAT YOU PAY OR TO PAY ON PURCHASE .
LESS INPUT FROM PAYABLE REST YOU HAVE TO PAY VIA CHALLAN .
YOUR RETURN SHOULD BE SUBMITTED WITH DEPARTMENT ON MONTHLY OR QUERTERLY BASIS. REGARDING RETURN DISCUSS WITH YOUR CONSULTANTS .
ENTERY TAX : ENTRY TAX RATE IS VARY VIA STATE VISE. AND ENTERY TAX SET OFF COULD BE TAKEN AGST SALES TAX .
IT WILL BE CALCULATED ON SALE VALE @8% OR 12% OR 4% .
HOPE BY THE ABOVE SAID YOUR BASIC CONCEPT HAS BEEN BEING CLEARED.
IF YOU NEED ANY FURTHER INFORMATION FREELY ASK QUESTION ON SAME.
BOTH ARE VERY SENSITIVE AREA,
EXCISE : CALCULATE YOUR PAYABLE LIABILITIES WHATS HAVE TO PAY ON SALE .
AND CALCULATE YOUR CENVAT INPUT CREDIT WHAT YOU PAY OR TO PAY ON PURCHASE .
LESS INPUT FROM PAYABLE REST YOU HAVE TO PAY VIA CHALLAN .
YOUR RETURN SHOULD BE SUBMITTED WITH DEPARTMENT ON MONTHLY OR QUERTERLY BASIS. REGARDING RETURN DISCUSS WITH YOUR CONSULTANTS .
ENTERY TAX : ENTRY TAX RATE IS VARY VIA STATE VISE. AND ENTERY TAX SET OFF COULD BE TAKEN AGST SALES TAX .
IT WILL BE CALCULATED ON SALE VALE @8% OR 12% OR 4% .
HOPE BY THE ABOVE SAID YOUR BASIC CONCEPT HAS BEEN BEING CLEARED.
IF YOU NEED ANY FURTHER INFORMATION FREELY ASK QUESTION ON SAME.
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