Cst on esciseable goods

Dear All,

I need help in one of the case, in normal case CST is calculated on exciseable amount, for eg. if sales is 30 lakhs and 12% excise duty is calculated on 30 lakhs, so considering 2% and 1% Edu. cess and high edu cess total excisable amount comes to rs.33,70,800/=, and on this amount CST 2% is calculated

My question is in which situation CST is calculated on base amount i.e rs.30 lakhs? is any thing like deemed export?

Regards.

Replies (2)

Sir,

There was not tax on Deemed Tax. So that CST is calculate on Rs. 20 Lacs in my view.

Thanking you

( Harendra Kumar )

Sir,

Sub: Rectification 

In my view there is no calculate the Excise Duty on Deemed Export and CST is applicable only Assessable Value Rs. 30 lacs.

Thanking you.

 

 

Sir, There was not tax on Deemed Tax. So that CST is calculate on Rs. 20 Lacs in my view. Thanking you ( Harendra Kumar )

Read more at: /forum/details.asp?mod_id=270771&offset=0#.UocdaRCKJyU
 

 

 

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