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Calculation of base price.

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 September 2014 Dear All,

Net price of a product is say Rs. 6130 which is inclusive of 10.3% of Excise on Base price and again 2% CST on Base+Excise. What would be the formula to determine the base price,excise and CST.

Could anybody be generous to inform.

Thanks & regards
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
05 September 2014 The excise duty will be paid on transaction value. Duty will not be paid inclusive.

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