excise duty on vat portion of goods
This query is : Resolved
10 June 2016
there may be cases where the excise duty is levy on vat portion of goods.
16 June 2016
excise duty cannot be levied on VAT amount
17 June 2016
dear Chandra sir, we found such cases during my audit period plz refer link http://worldtradescanner.com/CBEC%20Circular-17.09.2014.htm
17 June 2016
You are correct in the given situation but in normal course excise is levied before charging vat. Because transaction value is determined at the time of removal. Getting back or retaining incentive from government is peculiar situation and it cannot lead as normal practice
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