Sales margin determination
This query is : Resolved
sanjay kumar
(Querist)
30 September 2017
A unit rs 100+12%tax =112 purchased now I want to sale it with 5% margin,
My question is whether I get margin on rs 100 or 112
Pls tell me
My question is whether I get margin on rs 100 or 112
Pls tell me
Gokul Sharma
(Expert)
30 September 2017
if the Above 12% tax Available for ITC/refundable then 100 to be taken. your margin is 5% on cost.
if 12% tax is not ITC/refundable then it becomes your cost than 5% should be charged on 112.
if 12% tax is not ITC/refundable then it becomes your cost than 5% should be charged on 112.
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