Shiva Industries Ltd. purchased a machine. The details are as under. Determine the cost of the machine.
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Shiva Industries Ltd. purchased a machine. The details are as under. Determine the cost of the machine.
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Details Invoice Price Amount (*) Amount (?) List Price 75,00,000 Less: Trade Discount 1,50,000 Balance 73,50,000 Add: Sales Tax and Excise Duty 9,00,000 82,50,000 CENVAT Credit Available on Excise Duty Included Above Transportation Charges to Factory Site Special Foundation and Installation Charges 6,00,000 37,500 1,12,500
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