product sold -- @ Rs500 per unit
price includes CST @ 2%
average freight irrespecive of place of deleivery - 100%
actual freight incured on product for delivery at buyers place - 150
excise duty - 8%
as per my opinion
cst is = 9.8 rounded off to 10
value before CST is 500 - 10= 490
as freight from place of delivery to buyers place should be excluded for valuation purpose... assessable value inclusive of excise duty is = 490 - 150 = 340
so now excise duty is = 340 * 8\108= 25 Rs
basic price = 465
less: freight (150)
------------
AV = 315
add: ED @ 8% 25
--------------
value before CST = 340
and without freight
add: freight 150
--------------
value for CST 490
cst @ 2% 10
----------------
TOTAL PRICE 500
------------
PLEASE LET ME KNOW IF AM WRONG IN AY OF THE CALCULATING PROCEDURE.....
I SAW MANY ANSWERS CALCULATING cst WITHOUT ADING BACK THE FREIGHT UPTO PLACE OF DELIVERY, WHICH IS DEDCUTED TO CALCULATE EXCISE DUTY
CAclubindia
