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How to calculate get

Others 173 views 11 replies

Shoaib

I want to cMA class

46 Points Posted on 17 September 2017

If purchase price = 1000+18%+200 experience =1380.
If I will sale ..what will be amount of SALE PRICE ??

Replies (11)

Info GST

289 Points Posted on 17 September 2017

if your purchase price is 1000+18%=1180 and u add 200/- as ur profit your sales price will be 1180+200+36=1416/-

Shoaib

I want to cMA class

46 Points Posted on 17 September 2017

How it is possible

Info GST

289 Points Posted on 17 September 2017

call @ 9838766110 will explain

Shoaib

I want to cMA class

46 Points Posted on 17 September 2017

Tax paid on purchase 180 and collection 0nly 36, how

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 17 September 2017

Tax collection 216....
At the time of return.,
You ll less your purchase tax to sales tax (216 - 180 = 36)
Your tax liability Is. 36. You ll pay to govt Rs. 36....

Info GST

289 Points Posted on 17 September 2017

hope you're satisfied

Shoaib

I want to cMA class

46 Points Posted on 17 September 2017

Yes I'm satisfied

Shoaib

I want to cMA class

46 Points Posted on 17 September 2017

In this case ,we can say that if purchaser is follow composition scheme ,,,he cannot collect tax on sale

Shoaib

I want to cMA class

46 Points Posted on 17 September 2017

Is this right y wrong

S ELAVARASI

ACCOUNTANT

2975 Points Posted on 17 September 2017

@ Shoaib...

You ll see the link You get satisfy

/experts/how-to-calculate-gst-on-sale--2571584.asp

And he can not claim ITC. So total cost of purchase will be 1380 + profit % as desired by you + 1% GST, suppose profit is 10%., cost of purchase Rs.1380 + 138 profit =1518 + 15.18 GST comes to Rs. 1533.18 say Rs.1533