Toll Free: 80004440824

Frequently Asked Questions on VAT

Last updated on 06 April, 2018


 Back to FAQ

What is excise tax?

An excise tax is an indirect tax charged on the sale of a particular commodity. The government has announced the implementation of excise tax on selective items such as tobacco, energy drinks and fizzy drinks. The rate of excise tax will be 100% on tobacco products and energy drinks and 50% on carbonated drinks.

Next 
Get your business VAT ready with Zoho Books, an easy to use accounting software
TRY IT FOR FREE

Source: