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?
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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
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