The FM had imposed 1 per cent excise duty an12.5% (with input tax credit) has been imposed on jewellery in the recent budget. Even for this one per cent excise duty, manufacturers are allowed to take credit of input services, which can be utilised for payment of duty on jewellery......Read MoreTuesday, 5 April 2016
Govt issues new circular regarding excise duty with clarification on levy imposed on jewellery
The FM had imposed 1 per cent excise duty an12.5% (with input tax credit) has been imposed on jewellery in the recent budget. Even for this one per cent excise duty, manufacturers are allowed to take credit of input services, which can be utilised for payment of duty on jewellery......Read More
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