How i calculate excise duty
This query is : Resolved
07 December 2012
Dear Sir,
kindly advise to us, how i calculate Excise duty.
Ex.1. If Total Sale Value Rs. 32091 (Exclusive Excise duty)
Ex. 2. If Total Sale Value Rs. 36207 (Inclusive Excise duty)
Ajeet Pandey
kindly advise to us, how i calculate Excise duty.
Ex.1. If Total Sale Value Rs. 32091 (Exclusive Excise duty)
Ex. 2. If Total Sale Value Rs. 36207 (Inclusive Excise duty)
Ajeet Pandey
07 December 2012
Reverse calculation:
On total Sale price*(incl duty and sales tax)
1.Sales tax.Sales Tax=sale price *vat or cst rate/(100+rate)
2.Price excluding sales tax=sales price-sales tax
3.Excise duty=step 2 amount*excise rate/(100+excise rate)
On total Sale price*(incl duty and sales tax)
1.Sales tax.Sales Tax=sale price *vat or cst rate/(100+rate)
2.Price excluding sales tax=sales price-sales tax
3.Excise duty=step 2 amount*excise rate/(100+excise rate)
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