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VAT on excise duty

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 November 2010 I want to understand that how the VAT is leviable on Excise Duty and how it's credit can be avialed?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
23 November 2010 VAT charged on excise duty is by law, Excise duty cannot be set off against the VAT
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CA.Madhusudan B.P.

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CA.Madhusudan B.P. (Expert)
23 November 2010 Sale value for the purpose of VAT is including Excise duty if any, ED is charged on basic price.

ED (except few items)goes to Central government & VAT goes for local state governemnet.

Set off is possible between input credit ED to output ED & input VAT to Output VAT.
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