tax invoice, Central Excise

[manoj raut]

Dear khatri sir,

 

we are making one tax invoice

 

Particular           unit         rate                  value

Machinery            01         400000      400000

 

                              Assessable value - 400000

                               Packing & forward.     7000

                               excise duty 12% Rs.   48000 ( on Ass. value)

                               Ed.cess        2% Rs.       960

                               sh.cess        1%               480

                               M.Vat    5%                     22472   ( on Ass.value + excise)

                              Grand total   -               478912

as per excise law it is correct.

as per salex tax law it is correct.

Please guide the same.

 

Regards

Manoj Raut

Posts / Replies

[Pradeep Khatri]

Dear Manoj,

Packing and Forwarding will become integral part of assessable value and MVAT will also be paid on Ed. Cess and SHE Cess.

 

Regards,

Pradeep Khatri

[deepak kalambate]

Excise Duty is to be charged on ASV+PACKING CHARGES & VAT is to be charged on ASV+PACKING CHARGES+EXCISE DUTY