Tax % of mobiles less then 10k & more then 10k
This query is : Resolved
16 January 2015
Hi,
We are in the business of secondary sale of mobiles.
as per DVAT rule 5% is applicable on mobiles less then 10K & 12.50% is applicable on above then 10K.
Now the issue arise if tax paid value is between 10,551/- to 11,100/-.
if we do reverse calculation on these prices the above scenario got failed.
Please help to understand the Tax percentage in such cases.
Thanks
Pravesh
We are in the business of secondary sale of mobiles.
as per DVAT rule 5% is applicable on mobiles less then 10K & 12.50% is applicable on above then 10K.
Now the issue arise if tax paid value is between 10,551/- to 11,100/-.
if we do reverse calculation on these prices the above scenario got failed.
Please help to understand the Tax percentage in such cases.
Thanks
Pravesh
16 January 2015
value is w/o vat consider for the vat rate.
if your value w/o vat > 10000 then 5% otherwise 12.5%
if your value w/o vat > 10000 then 5% otherwise 12.5%
Message likes :
1 times
16 September 2015
Agree with Rupesh Jain
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Cloud service
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Conversion of Pvt Ltd Company to a LLP
- Accounting Policies changes
- Expenses add back in profit
- SECTION 194T
- Applicability of RCM on Frieght Inward supplies received from un-registered person
- GST on Fresh Juice Center(Sugarcane)
- Sale of Gold ornaments
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
