Nilesh Satra (3 Points)
24 March 2017suppose @ 28% tax rate what would be tax liability of distributors with turnover between 3-5 cr
would be difference between sale purchase @ 28%...?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193915 Points)
Replied 24 March 2017
Roughly 28% over Gross profit, provided all the goods had been purchased from registered dealer/s.
Madhukar N Hiregange
(Chartered Accountant)
(39039 Points)
Replied 26 March 2017
Electronic goods would proabaly be at 18% and therefore the total tax would reduce under GST.
Nilesh Satra
(3 Points)
Replied 26 March 2017
CAclubindia
