Difference Inclusion of Sales Tax Value Under Transaction value Section 4

[Guest]

Dear Sir,

In case of Sales Tax deferred payment whether difference of the amount collected and the amount actually paid to the State Government should be included in the transaction value under the Central excise act 1944 and whether central excise duty is payable on the same.If yes please give us any reference regarding this, and under which rule ,Please expalin,thanks and regards

[Mahir S]

Yes sir, Board has clarified on the said issue and such additional consideration shall also be considered as part of the transaction value.

AI Summary

Sales Tax Difference Must Be Included in Transaction Value Under Central Excise Act, 1944, Board Clarifies A query was raised regarding whether the difference between the sales tax amount collected and the amount actually paid to the state government should be included in the transaction value under the Central Excise Act, 1944, and if central excise duty is applicable on this difference. The response confirmed that the Board has clarified this issue, stating that such additional consideration should indeed be included as part of the transaction value.