regarding tax
kundan singh (99 Points)
04 August 2018
can tax included while calculating cost of a product
4 Replies
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 04 August 2018
tax on which itc unavailable be only be included
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 04 August 2018
| Originally posted by : kundan singh | ||
 |
can tax included while calculating cost of a product |  |
NO... COST OF PRODUCT EXCEPT TAX...
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 04 August 2018
@ S Elavarasi Sir for eg if use petrol on which state excise duty or VAT levy on which ITC is not available in present scenario then we will take the tax in cost or not..
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 04 August 2018
Please be check out which called product... If Petrol & Diesel Delaer then Basic value is Cost of product...
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