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Excise duty and CST calculation

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..... Excise duty and CST calculation
Query (Issue) Started By: - Defy Jose Dated:- 14-12-2011 Last Reply Date:- 5-3-2013 Central Excise
Got 7 Replies
Central Excise
When my company ABC LTD has transferring goods for manufacturing purposes to my sister concern XYZ LTD (name has different) For this regard shall we need to pay or obtain excise duty or CST ? if it is needed, how will calculate .....

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..... ..? Reply By Pradeep Khatri: The Reply: You would have to pay Central Excise Duty on 110% value of the goods intended for transfer to your sister concern for further manufacturing purpose. Further, no CST would be payable in case of transferring of goods against CST Form 'F'. Reply By Mridul Sethi: The Reply: Sir, Pls give the reference in this regards. Also pls clear that in case of sister c .....

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..... oncern by other name, can we have to pay CST. Reply By Defy Jose: The Reply: sister concern i meant that, same owner but different names thats all. Reply By NEERAJ KUMAR, RANCHI: The Reply: Yes, You are required to pay c. excise duty at the 110% of the value. Reply By Defy Jose: The Reply: dear sir can u describe the divisions of 110 % Reply By r.rajkumar kumar: The Reply: if this is sist .....

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..... er concern a separate company than your have to charge cst or vat. if you are transfering as it condition you have to daebit the input tax taken ie. if any input credit taken by you while purchaing if it is finished goods. your have to chasge cst with sales tax. cst agaisnt c form .2% or cst as per the lcoal vat rate or10% whever is higher. Reply By parth gor: The Reply: Dear sir pay Central .....

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..... Excise Duty on 110%
Discussion Forum - Knowledge Sharing .....

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