Vat
This query is : Resolved
08 October 2013
will excise duty paid on production will form a part of cost of product..?
or input tax available for the same ?
08 October 2013
If you are not taking credit of excise duty paid; then it will form part of cost of product
As far input of vat credit is conserned; you will not allowed to take of credit of excise duty paid
As far input of vat credit is conserned; you will not allowed to take of credit of excise duty paid
08 October 2013
Yes it will be considered as Cost.
08 October 2013
Agree with Expert,
As if it non-refundable it will be considered as the part of the cost of the goods..
As if it non-refundable it will be considered as the part of the cost of the goods..
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