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.?
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