Excise Duty on Inputs was a manufacturing

Tax Glossary Definition

Excise Duty on Inputs was a manufacturing

Excise Duty on Inputs was a manufacturing-based tax previously applicable to goods produced in India. Before being subsumed under GST, the duty paid on raw materials could be claimed as CENVAT credit to offset excise liability.

Example: Under the GST system, the excise duty component on inputs is now treated as input tax credit.

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