Excise & entry tax information

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 July 2012 plz can anybody tall me what is the excise & entry tax & how i Handel its in account
like rate of %,entry, calculation & many more information

Rajnish Singh

Rajnish Singh (Expert)
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14 August 2012 DEAR,

BOTH ARE VERY SENSITIVE AREA,

EXCISE : CALCULATE YOUR PAYABLE LIABILITIES WHATS HAVE TO PAY ON SALE .

AND CALCULATE YOUR CENVAT INPUT CREDIT WHAT YOU PAY OR TO PAY ON PURCHASE .

LESS INPUT FROM PAYABLE REST YOU HAVE TO PAY VIA CHALLAN .

YOUR RETURN SHOULD BE SUBMITTED WITH DEPARTMENT ON MONTHLY OR QUERTERLY BASIS. REGARDING RETURN DISCUSS WITH YOUR CONSULTANTS .

ENTERY TAX : ENTRY TAX RATE IS VARY VIA STATE VISE. AND ENTERY TAX SET OFF COULD BE TAKEN AGST SALES TAX .

IT WILL BE CALCULATED ON SALE VALE @8% OR 12% OR 4% .

HOPE BY THE ABOVE SAID YOUR BASIC CONCEPT HAS BEEN BEING CLEARED.

IF YOU NEED ANY FURTHER INFORMATION FREELY ASK QUESTION ON SAME.