Example 1:-
Following are Sales and Purchase Details of a Factory Registered in Excise
|
Sales Bills |
|||||||
|
Particulars |
Amt |
||||||
|
Sales Price |
100000 |
||||||
|
+ Excise 12.5% |
12500 |
||||||
|
Total |
112500 |
||||||
|
Expense Bills |
|||||||
|
Particulars |
Amt |
|
Particulars |
Amt |
|
Particulars |
Amt |
|
Purchase |
40000 |
|
Telephone Bill |
3000 |
|
Machine |
60000 |
|
+Excise 12.5% |
5000 |
|
+Service Tax 14% |
420 |
|
Excise 12.5% |
7500 |
|
Total |
45000 |
|
Total |
3420 |
|
Total |
67500 |
What is Cenvat and Excise Duty Payable?
View Answer
Service Tax Computation
|
Particulars |
Amt |
|
Total Output Excise Duty |
12500 |
|
|
|
|
Cenvat (Input) |
|
|
Inputs |
5000 |
|
Input Services |
420 |
|
Capital Goods 1/2 |
3750 |
|
Total Input/Cenvat |
9170 |
|
|
|
|
Excise Duty Payable |
3330 |
