Query for central excise dealer

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 February 2014 sir,
i am purchase product from manufacture and selling product to my costumer. manufacturer take excise duty from me now how i can take excise duty from my costumer without providing detail of manufacturer. and sir what other tax i have take from my costumer when i am selling product out side of my state.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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28 February 2014 Excise duty paid on purchase will be your cost. When you determine the selling price of your product the excise duty cost will be included in the selling price.

Eg.

Purchase price Rs. 100
Excise duty 12.36
Own Profit 50
Total Selling price 162.36

So the excise duty paid has been recovered from the buyer.

Further you have to pay VAT/CST on the sale.