Monthly Archives: June 2013

Customer vs suppliers Invoices adjustment

Continue reading Customer vs suppliers Invoices adjustment

Advertisements

Indian tax structure in invoices for excisable goods

Product value: INR 1000.00
Excise Duty @ 12%: INR 120.00
Edu. Cess @ 2%: INR 2.4.00
Hr. Cess @ 1%: INR 1.2.00
—————-
Total after 12.36% Excise 1123.60
VAT @ 5%: INR 56.18 (Calculated on 1123.60 and not on product value 1000.00)
—————-
Invoice Total: INR 1179.78
—————-

Continue reading Indian tax structure in invoices for excisable goods