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Vat

This query is : Resolved 
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(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 ?
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CA UMESH DULAL

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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
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CS RAJESH C.CHOUDHARY

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CS RAJESH C.CHOUDHARY (Expert)
08 October 2013 Yes it will be considered as Cost.
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CA Pallav Singhania

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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..
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