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)
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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.
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