wether excise duty is includable in Turnover

This query is : Resolved 

30 November 2008 Pls tell me, wether excise duty/service tax is includable in Turnover/Sales or not

30 November 2008 Excise Duty constitute part of the Turnover.Service Tax/Sales Tax does not constitute part of Turnover.

01 December 2008 Excise duty is a duty based on manufacture /producton of goods or services so itwould form the part of the turnover.
Service tax is chargabe on the taxable services.Therfore that will also be incuded on turnover.


01 December 2008 PLS CLEAR FOR WHAT PURPOSE U R REQUIRED BECAUSE FOR EACH PURPOSE THIS IS DIFFERENT.

01 December 2008 Tell me for the purpose of Sec.44AF of the Income Tax Act,1961.

01 December 2008 Excise duty/ Service tax is not included in the turnover for the purpose of Sec.44AF of the Income Tax Act, 1961.



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