when excise duty included
This query is : Resolved
22 February 2009
The Basic Bill Amount is 175600. Excise duty is 25321(14.42% on 175600). In this case on which amount VAT should be Calculated Whether it is on 175600 or 200921(175600+25321) Plz clarify me In which section this topic disscus?
CA. B.SRINIVASULU
(Expert)
22 February 2009
Vat should be caluculated on Rs.200921. (ie basic value + excise duty).
nilesh kshirsagar
(Expert)
22 February 2009
vat should be calculated on 200921
basic value +excise +cess
Nilesh K-sagar
basic value +excise +cess
Nilesh K-sagar
CA Nitin Wadhwani
(Expert)
22 February 2009
VAT should be levied on 175600+25321 as per definition of "sale price"
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