Get 3 Yrs of CCI Pro Membership at Greater Value. Subscribe Now!

VAT on excise duty

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

Querist : Anonymous

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?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

23 November 2010 VAT charged on excise duty is by law, Excise duty cannot be set off against the VAT

CA.Madhusudan B.P.

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.

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