I'm working in the E-commerce domain. I had a few doubts about taxes for E-commerce.
What the current players like Flipkart and Amazon are doing is that : A particular product is priced the same for all customers, no matter which state they are from.
However, in invoice, the tax percentage and tax amount changes depending on where the warehouse is and where the customer is.
Sir, is it important that we show the tax breakup in the invoice based on the VAT/CST that are applicable for different states ?
23 October 2015
Thank you for the reply. Is it sufficient if I mention along with the product description that the price is inclusive of a VAT of, say,14.5% ? Or is it required to show the tax amount?
CAclubindia
