Dear All,
We are selling goods through online. How should we calculate VAT /CST
Price of product 100.
Which is correct , option A or B ?
A ) VAT @ is 14.5% is Rs.14.5 (price exclusive of taxes)
B) VAT @ 14.5% is Rs.12.66 (price inclusive of taxes)
Menu
Vat/cst calculation
Replies (4)
If the MRP is already printed in the product that is in your case is ₹. 100 then go for option B, if not option A sounds well.
Hi John, if you sell of Rs.100 (not more than MRP), and if you not charged more for VAT/CST on this, then Rs.100 will be deemed as Option B. So accordingly you have to pay Rs.12.66 to Govt.
how much the fuji film sale rate regarding karnataka vat?
a. 5.5%
b. 14.5%
Mr.nagesh you must check the respective state govt website...the rates are available for diffrnt products.
Recent Topic
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
Related Topics
CAclubindia
