Assistant Manager Tax Question:

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Explain er1?

Assistant Manager Tax Interview Question
Assistant Manager Tax Interview Question

Answer:

Meaning of Er1 is - Excise Return 1
this form submit in mfg unit every 10th next month last month all details mentioned in form as like Finished goods opening, mfg, clearance, closing, sale value excise duty, payable duty, credt details, closing bal. total details mentioned in form submit to excise office.

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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?Explain the rate of vat in raj?