CENVAT and Excise Duty Computation for Manufacturers

Last updated at Dec. 13, 2024 by

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
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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.