E-invoice cess
vivek jadhav (20 Points)
16 March 2023vivek jadhav (20 Points)
16 March 2023
CA Rakesh Ishi
(Working at Private Company)
(8200 Points)
Replied 17 March 2023
Cess ad valorem is a type of tax that is levied as a percentage of the value of a product or service. It is calculated on the basis of the value of the product or service and is added to the final price of the product or service.
State cess ad valorem amount refers to the tax levied by a state government in India as a percentage of the value of a product or service. This tax is collected by the state government and is used for various purposes such as funding infrastructure projects, social welfare schemes, etc.
The main difference between cess ad valorem and state cess ad valorem is that the former is a tax levied by the central government of India, while the latter is a tax levied by the state government of India. Both types of taxes are calculated as a percentage of the value of a product or service, but the revenue generated from these taxes is used for different purposes
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