Duty and Tax calculation

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..... Dear sir, While invoicing by a manufacturer first he will charge Central Excise duty on the rate, VAT or CST will charge to that value. I want to know why the VAT or CST charged on the total value .....

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..... (after excise duty calculation) why not to the basic rate. If any notification or circular is there please let me know. Thanks, Kiran Pai - Reply By Pradeep Khatri - The Reply = Central Excise .....

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..... duty will be charges on the assessable value of the intended goods while VAT/CST will be charge on the taxable value of th intended goods. In VAT Laws, this has been defined in the Section 2 i.e. un .....

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..... der definition. Please check the definition of the sales price in this regard. - Duty and Tax calculation - Query Started By: - kiran pai Dated:- 30-11-2012 Other Topics - Got 1 Reply - Indian Laws .....

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..... - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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