Margin
This query is : Open
sanjay kumar
(Querist)
30 September 2017
If a goods rs 100 +12% gst means 112 purchased and now I want to sale it with 5 %margin, what value should I consider for margin 100 or 112, I B2b purchase and sale in retail
Please tell
Please tell
30 September 2017
You ll calculate margin on Rs. 100 * 5% = 5 + 100 = 105...
Also you calculate tax on 105. It's 12.60....
You paid Rs. 12. ITS YOUR COST and You received Rs. 12.60 it's not your cost. It's payable to govt...
But, You ll be less your cost in payable cost. Then you can pay only balance amount to Govt...
CA Rashmi Gandhi
(Expert)
01 October 2017
You have to calculate 5% on Rs.100/- if you are registered dealer. not opted composition scheme.
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