modvat
This query is : Resolved
24 July 2009
Modvat = Modified Value Added Tax,
Means if a buyer purchases some thing on A value and it's Excise duty is X, subsequently he sells the same on B value and ED is Y.
Means if a buyer purchases some thing on A value and it's Excise duty is X, subsequently he sells the same on B value and ED is Y.
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