Martin (CA Practice ) (206 Points)
20 March 2013
A manufacturer should charge vat or excise duty or both in the following conditions?
A. If he sells the manufactured items in his own retail stores to retail customer directly?
B. If he sells the goods to traders?
Siva Shankar Ginkala
(self employed)
(27 Points)
Replied 20 March 2013
In both cases VAT & Excise duty has to Pay
Excise duty concerned with manufacuring of goods
Vat is concerned with levied on each point of sale including first sale
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
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