X company manufacturing some goods which is exmpted byvat. Y company bought some goods from x company which is exmpted for vat. X impose only excise duty in the invoice. Now the Y company enters the purchase like if B commodity's value by X is 100/-, and excise duty 6% on it total 106/-.the commodity price in the books of Y is 106/- Is excise duty reallyl influence the price of the commidity?
Menu
Can a stockist mix the excise duty in the price of goods
Replies (2)
Excise Duty is a Indirect Tax.
In India burden of indirect tax can be transferred to buyer/receipent of service.
Yes the stockiest should include excise duty in price of goods.
Excise duty does influence price of goods.
In India burden of indirect tax can be transferred to buyer/receipent of service.
Yes the stockiest should include excise duty in price of goods.
Excise duty does influence price of goods.
Thank you for knowledge sharing
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
