Formula of excise duty
This query is : Resolved
Ajeet Kumar Pandey
(Querist)
07 December 2012
Kindly suggest me how i calculate below Excise duty.
Ex.
Total Amount - 73937
Excise @12% - 8593
E. Cess @2% - 172
S&HE Cess @1% - 87
Taxable Amt. -- 82789
CST @2% (C form) - 1656
G. Total ---84445
Ajeet
Kindly suggest me how i calculate below Excise duty.
Ex.
Total Amount - 73937
Excise @12% - 8593
E. Cess @2% - 172
S&HE Cess @1% - 87
Taxable Amt. -- 82789
CST @2% (C form) - 1656
G. Total ---84445
Ajeet
08 December 2012
The calculation is incorrect
Assessable Value 73,937
Excise @ 12% 8,872
EC @ 2% 177
SHEC @ 1% 89
Taxable Amount 83,075
Add: CST @ 2% 1,662
Total Amount 84,737
Excise duty = 8,872+177+89 = 9,138
Assessable Value 73,937
Excise @ 12% 8,872
EC @ 2% 177
SHEC @ 1% 89
Taxable Amount 83,075
Add: CST @ 2% 1,662
Total Amount 84,737
Excise duty = 8,872+177+89 = 9,138
Ajeet Kumar Pandey
(Querist)
08 December 2012
Dear Bhardwaj ji,
How I calculate Assessable value.?
How I calculate Assessable value.?
Message likes :
1 times
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
- GST on reimbursement of expenses
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Equity Share Sale and Purchase
- Additional trade name
- Whether output tax is taken credit by purchaser
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Wrong CMPo8 file
- Number of years as per AS amortisation of Goodwill
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
