dear friends
I m new to mvat calculations thus i require help regarding the calculations.
Is mvat calculated on purcahses excluding excise duty or on purchases including excise duty.
pls help
Asif Khan (Taxation executive) (410 Points)
08 September 2009dear friends
I m new to mvat calculations thus i require help regarding the calculations.
Is mvat calculated on purcahses excluding excise duty or on purchases including excise duty.
pls help
Ganesh Sharma
(Manager - Accounts)
(57 Points)
Replied 09 September 2009
It is calculated on Purchases including Excise Duty.
CA Nishikant Jaiswal
(Profession)
(187 Points)
Replied 09 September 2009
it is calculated on purchases includind excise duty including cess also.
subramanya
(Professional)
(907 Points)
Replied 09 September 2009
Originally posted by :nishikant jaiswal | ||
" | it is calculated on purchases includind excise duty including cess also. | " |
Correct
samip karpe
(accounts assistance)
(152 Points)
Replied 21 September 2009
In Purchase entry you have to be add Excise Duty , Edu.Cess
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