Tax Structure In India

Excise Law

Service Tax Law

Sales Tax Law

EXCISE LAW

EXCISE DUTY APPLICABLE IN POSCO-IDPC

AS A DEALER UNIT

AS A MANUFACTURING UNIT

AS A DEALER UNIT

PASS ON DUTY AS IT IS TO CUSTOMERS IN RESPECT OF : a.Counterveiling Duty

INPUT

b.Education Cess
c.Secondery and Higher Education Cess

d.Additional Duty

AS A DEALER UNIT

QUARTERLY RETURN

QUARTER I II III IV

DUE DATE 15TH July 15th October 15th January 15th April

STOCK TRANSFER POSCO-IDPC DEALER UNIT TO MANUFACTURING UNIT

Pass on duty as it is

AS A MANUFACTURING UNIT

GOODS RECEIVED BY STOCK TRANFER FROM DEALER

Take duty credit in respect of : a.Counterveiling Duty We maintain manual register to account stock transfer. b.Education Cess c.Secondery and Higher Education Cess d.Additional Duty

AS A MANUFACTURING UNIT

SALE OF GOODS TO CUSTOMER

Charge of Duty (as per Law) SALESALESALESALESALESALE

a.Counterveiling Duty b.Education Cess c.Secondery and Higher Education Cess

10% 2% 1%

AS A MANUFACTURING UNIT

MONTHY RETURN MONTHLY April to March DUE DATE 1oth of Every Month

AS A DEALER UNIT
SERVICE TAX Coil Received from Customer and Cut as per Required Size and Return to Customer:(Service Tax Charge to Customer)

Service Tax

a. Service Tax @10%

b. Education Cess @ 2% c.Secondery and Higher Education Cess @ 1%

AS A DEALER UNIT

SERVICE TAX Total Payment of Transporter Pyament.100.00 % Bal : 25.00 Taxable Amount. (Company Liability)

Service Tax

a. Service Tax @10% b. Education Cess @ 2% c.Secondery and Higher Education Cess @ 1%

AS A DEALER UNIT
SALES TAX Sales Tax /Vat Applicable 5% 2% (against Form C) 5.25% 2%(against Form C) 5% and TCS 1%

Sale of Goods Haryana

Sale of Goods other State STS Sale Haryana STS Sale Other State OD/ID Sale in Haryana

AS A MANUFACTURING UNIT
SALES TAX Sales Tax /Vat Applicable Sale of Goods Haryana Sale of Goods other State -4.2% (against D-1) -2% (against Form C)

Scrap Sale Haryana

Scrap Sale Other State

-4.2% and TCS 1%

-2% against Form C and TCS 1%