Taxes on Tax

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Sr. Accountant
48 Points Posted on 10 June 2021

Is there any applicability on Taxes on Tax

 

Ex: Product cost and GST = 100+18

Agent Commision 14% +GST , Commission should be Rs. 100*14%+GST or Rs.118*14+GST

Please quick resolve...

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On 10 June 2021 at 07:14 Report
Replies (3)
Quick Summary
This discussion addresses the common query regarding the calculation of Goods and Services Tax (GST) on agent commissions. The consensus is that the commission should ideally be calculated on the base product cost (e.g., 14% of £100) before adding GST. The final calculation depends on specific contractual agreements between parties, rather than a 'tax on tax' principle.

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GST Consultant
15986 Points Posted on 10 June 2021

This depends on your contractual terms. Nothing to do with GST or tax on tax.

Ideally it should be 100*14% + GST. This is what is followed in Industry commonly

1 Reply
On 10 June 2021 at 08:01
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tax consultant
3306 Points Posted on 10 June 2021
Ideally it should be 100*0.14
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On 10 June 2021 at 09:53
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Chartered Accountant
24588 Points Posted on 10 June 2021
It should be 100*14%
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On 10 June 2021 at 12:17

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