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Excise duty, cst and vat calculation


09 July 2015 how to calculate the cost of goods if excise duty is 12.36%, cst is 2% and vat is 5%

09 July 2015 For Eg

COGS (Cost of goods sold) - 100
Excise Duty - 12.36

Total - 112.36
CST - 2.24
Vat (5% on 2.24) - 0.11

Total - 114.71



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