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
  1. Indirect Tax
  2. Cenvat Credit

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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides GST Training in Delhi. Register now.