Tax Invoice

[Guest]

Dear sir,

As per tax invoice format given by anupam stationery

Please check the calculation

Qty x rate =  assesseble value      ---     50000

                     Packing & forwarding            5000

Total            Value                                      55000

                      Excise  12%                           6000

                     ED.CEss 2%                             120

                     SH CESS 1%                              60

 

Total           Value                                     61180  

                    Vat 5%                                   2809

Grand      Total                                         63989

 

is it correct calculation?  if wrong please send us details correct calculation. 

shorty  Excise duty & sales tax can calcute on packing & forwarding ?  yes or no.

 

Regards

Manoj Raut 

[sv bhasker]

Sir,

Classification details have not been given.   However, packing and forwarding charges are to be added to value to  pay excise duty. Accordingly excise duty at 12% in the present case would be Rs.6600, ed cess Rs.132 and SHE cess Rs. 66. 

[YAGAY andSUN]

I do agree with the reply of Mr. S V Bhasker.

[Dilip Darji]

Dear sir.

ED Payable on Rs.55000/-

[deepak kalambate]

I do agree with the reply of Mr. S V Bhasker.

[Guest]

By :- Virender shankta

 

ok i agree that E.Duty also to be charged on packing and forwarding what about Vat or CST Packing and Forwarding to be included while computing Vat/CST.

 

Q.No 2 . We are charging freight from the customer it is fixed % of 2 % of Inv Value but we are not paying CST/VAT on this is it correct calculation ?

AI Summary

Assessable value inclusion of packing and forwarding requires adding those charges for excise duty; VAT/CST treatment differs. Packing and forwarding charges must be included in the assessable value for central excise, so excise duty and applicable cesses are calculated on the total value including those charges. The document separately queries whether packing and forwarding and customer-charged freight should be included for VAT/CST purposes, indicating those are distinct issues needing separate statutory analysis.