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 :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
