Vat is tax on tax.
This query is : Resolved
27 December 2013
Experts,
We add Excise in the cost of production & after adding some margin we determines selling price on which we charge VAT. in short we charge VAT on Excise i.e.Tax on TAX. So is it treated as double taxation or TAX On TAX ?
We add Excise in the cost of production & after adding some margin we determines selling price on which we charge VAT. in short we charge VAT on Excise i.e.Tax on TAX. So is it treated as double taxation or TAX On TAX ?
28 December 2013
It is Tax on Tax and not Double Taxation. Double Taxation is a different chapter in taxation.
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
