Vat
This query is : Resolved
sagar parakh
(Querist)
08 October 2013
will excise duty paid on production will form a part of cost of product..?
or input tax available for the same ?
CA UMESH DULAL
(Expert)
08 October 2013
If you are not taking credit of excise duty paid; then it will form part of cost of product
As far input of vat credit is conserned; you will not allowed to take of credit of excise duty paid
As far input of vat credit is conserned; you will not allowed to take of credit of excise duty paid
08 October 2013
Yes it will be considered as Cost.
CA Pallav Singhania
(Expert)
08 October 2013
Agree with Expert,
As if it non-refundable it will be considered as the part of the cost of the goods..
As if it non-refundable it will be considered as the part of the cost of the goods..
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
- EPF ECR NEW FILE SEP 17TH 2026
- Under marginal scheme
- Oct 2025 Invoices
- TAX AUDIT ON PROFESSIONAL INCOME
- Capitalgain tax purposes for valuation report compulsory
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- TDS on Fixed Assets purchased
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Capital Gail Exemption Certificate
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
