Tax % of mobiles less then 10k & more then 10k
This query is : Resolved
Pravesh Painuly
(Querist)
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
Rupesh Jain
(Expert)
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 :
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sanjeev kumar goel
(Expert)
16 September 2015
Agree with Rupesh Jain
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