wether excise duty is includable in Turnover
This query is : Resolved
30 November 2008
Pls tell me, wether excise duty/service tax is includable in Turnover/Sales or not
30 November 2008
Excise Duty constitute part of the Turnover.Service Tax/Sales Tax does not constitute part of Turnover.
01 December 2008
Excise duty is a duty based on manufacture /producton of goods or services so itwould form the part of the turnover.
Service tax is chargabe on the taxable services.Therfore that will also be incuded on turnover.
Service tax is chargabe on the taxable services.Therfore that will also be incuded on turnover.
01 December 2008
PLS CLEAR FOR WHAT PURPOSE U R REQUIRED BECAUSE FOR EACH PURPOSE THIS IS DIFFERENT.
01 December 2008
Tell me for the purpose of Sec.44AF of the Income Tax Act,1961.
01 December 2008
Excise duty/ Service tax is not included in the turnover for the purpose of Sec.44AF of the Income Tax Act, 1961.
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