Assistant Manager Tax Question:
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Suppose if A is purchased Excise Duty paid goods i.e. H.R.Sheet. He want to sell the same as vat bill without excise. It can be possible?

Answer:

Yes it is possible. but that incoming excise invoice not take credit our RG23 A PATR II & not mentioned in rg23 a part i also.
we are ganerate commercial bill without excise duty.

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Suppose If my salary is 21855 per month for financial year April 2011 - march 2012 what tax will be deduct?Explain er1?