Excise and vat calculation at the same time
Abhijit Deshmukh (Article) (37 Points)
02 June 2016Abhijit Deshmukh (Article) (37 Points)
02 June 2016
Nihar Ranjan Rout
(CA Final & CS Final)
(577 Points)
Replied 02 June 2016
Excise is on the value of the goods only, unlike VAT which is computed on the value of goods plus excise.