Excise duty payable on Sales tax paid at NPV value

Excise duty payable on Sales tax paid at NPV value https://www.taxtmi.com/forum/issue?id=108005 Whether excise duty is payable on a sales tax component computed at Net Present Value (NPV) depends on whether that NPV is regarded as "actually paid or actually payable"; if treated as unpaid tax recovered from the customer or as a deemed payment by the sales tax authority, excise may be leviable on the difference between actual sales tax liability and the NPV, with the exclusion in Section 4 on taxes actually paid or payable being determinative. en-us Thu, 12 Feb 2015 18:13:57 +0530 Thu, 23 Jan 2025 15:57:02 +0530 TaxTMI RSS Generator Excise duty payable on Sales tax paid at NPV value https://www.taxtmi.com/forum/issue?id=108005 Whether excise duty is payable on a sales tax component computed at Net Present Value (NPV) depends on whether that NPV is regarded as "actually paid or actually payable"; if treated as unpaid tax recovered from the customer or as a deemed payment by the sales tax authority, excise may be leviable on the difference between actual sales tax liability and the NPV, with the exclusion in Section 4 on taxes actually paid or payable being determinative. Discussion-Forum Central Excise Thu, 12 Feb 2015 18:13:57 +0530 https://www.taxtmi.com/forum/issue?id=108005