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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Taxes on Tax
Replies (3)
Quick Summary
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
Ideally it should be 100*0.14
It should be 100*14%
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