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...
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...
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
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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