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.
CAclubindia
