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...
Roopesh Nandi (Sr. Accountant) 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...
CA Altamush Zafar (GST Consultant) 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
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