Tax calculation on medicine

Others 647 views 2 replies
how can calculate tax on medicine as a retailer. suppose MRP is Rs 129 & tax rate is 12% what amount is GST in regular scheme?
Replies (2)

cost of goods when u receives it not inclusive of tax and profit 

add ur profit in it plus tax gst as per applicable 

gst calculate on cost price + transoprtion (other charges as per applicable ) = prise is 

say x on this u add gst 

 

if not understand go through valuvation rules of gst 

 

Also your goods are including tax value with your profit...
So, You ll less tax amount on your MRP value. Don't be add MRP plus tax...


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