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  • Tax System of Cars and Similar Segment: Company Profit, Expenses, Servic Charge, Transportation Charge, Other Expenses

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    Ashesh Poudel
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    The document outlines the tax calculation for the sale price of a car priced at Rs. 10 lakhs. It includes an 80% custom duty on the price, 50% excise duty on the subtotal after custom duty, and a 13% VAT on the final total which includes additional company charges. The final net selling price of the car after calculating all taxes and charges is Rs. 32,77,000.

    Original Description:

    Custom duty structure of Nepal back before 5 years

    Original Title

    Custom Duty

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    The document outlines the tax calculation for the sale price of a car priced at Rs. 10 lakhs. It includes an 80% custom duty on the price, 50% excise duty on the subtotal after custom duty, and a 13% VAT on the final total which includes additional company charges. The final net selling price of the car after calculating all taxes and charges is Rs. 32,77,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    14 views1 page

    Tax System of Cars and Similar Segment: Company Profit, Expenses, Servic Charge, Transportation Charge, Other Expenses

    Uploaded by

    Ashesh Poudel
    The document outlines the tax calculation for the sale price of a car priced at Rs. 10 lakhs. It includes an 80% custom duty on the price, 50% excise duty on the subtotal after custom duty, and a 13% VAT on the final total which includes additional company charges. The final net selling price of the car after calculating all taxes and charges is Rs. 32,77,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    1.

    Custom Duty: 80%


    2. Excise Duty: 50%
    3. Company charges,transportation charges (depending upon company)
    4. VAT: 13%




    Suppose, price of XYZ car is Rs. 1000000(10 Lakhs).Its Selling price can be calculated as:




    Price 1000000
    Add:Custom duty(80%of Price) 800000
    Sub-Total 1800000
    Add:Excise duty(50%of sub-total) 900000
    Gross Total 2700000+X
    X (company profit,expenses,servic charge,transportation charge,other
    expenses)=200000(suppose)

    Gross-Total

    2700000+200000 = 2900000
    Add: Vat(13% of 2900000)

    377000
    Net Selling Price of XYZ Car 3277000
    TAX SYSTEM OF CARS AND SIMILAR SEGMENT

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