Tax Invoice, Central Excise

[manoj raut]

Dear sir,

As per tax invoice format given by anupam stationery

Please check the calculation

Qty x rate =  assesseble value      ---     50000

                     Packing & forwarding            5000

Total            Value                                      55000

                      Excise  12%                           6000

                     ED.CEss 2%                             120

                     SH CESS 1%                              60

 

Total           Value                                     61180  

                    Vat 5%                                   2809

Grand      Total                                         63989

 

is it correct calculation?  if wrong please send us details correct calculation. 

shorty  Excise duty & sales tax can calcute on packing & forwarding ?  yes or no.

 

Regards

Manoj Raut 

Posts / Replies

[sv bhasker]

Sir,

Classification details have not been given.   However, packing and forwarding charges are to be added to value to  pay excise duty. Accordingly excise duty at 12% in the present case would be Rs.6600, ed cess Rs.132 and SHE cess Rs. 66. 

[Pradeep Khatri]

I do agree with the reply of Mr. S V Bhasker.

[Dilip Darji]

Dear sir.

ED Payable on Rs.55000/-

[deepak kalambate]

I do agree with the reply of Mr. S V Bhasker.

[Virender Shankta]

By :- Virender shankta

 

ok i agree that E.Duty also to be charged on packing and forwarding what about Vat or CST Packing and Forwarding to be included while computing Vat/CST.

 

Q.No 2 . We are charging freight from the customer it is fixed % of 2 % of Inv Value but we are not paying CST/VAT on this is it correct calculation ?