Regarding Excise Duty and Vat
Querist : Anonymous
Dear Friends,
I have a query relating to Excise Duty and VAt.
suppose, There is a Base Amount is Rs 1732(exclusive of Ed and Vat), then how to calcuate Ed and VAt on it.
Urgent response is required.
With Thanks & Regards
Raj
Querist : Anonymous
you can assume the ED rate as 10.3% and vat rate as 2%.
Regards
Raj
Add: Excise @ 10% 173
Add: Edu Cess@ 2% 3
Add: Sec and Higher Edu Cess@ 1% 2
Total 1910
Add: VAT @ 4% 76
Total Amount 1987
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