Tax Invoice

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..... Tax Invoice
Query (Issue) Started By: - manoj raut Dated:- 1-7-2012 Last Reply Date:- 4-7-2012 Central Excise
Got 5 Replies
Central Excise
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 61 .....

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..... 180 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 Reply By sv bhasker: The Reply: Sir, Classification details have not been given. However, packing and forwarding charges are to be added to value to pay excise duty. Accordin .....

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..... gly excise duty at 12% in the present case would be Rs.6600, ed cess Rs.132 and SHE cess Rs. 66. Reply By Pradeep Khatri: The Reply: I do agree with the reply of Mr. S V Bhasker. Reply By Dilip Darji: The Reply: Dear sir. ED Payable on Rs.55000/- Reply By deepak kalambate: The Reply: I do agree with the reply of Mr. S V Bhasker. Reply By Virender Shankta: The Reply: By :- Virender shankt .....

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..... a 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 ?
Discussion Forum - Knowledge Sharing .....

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