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 Threads
- Difficulty in uploading itr3
- Gift received from Sister
- "off market credit transactions" mention
- Section 5A - Portuguese Civil code applicability
- Tax Audit Applicable or not?
- Understanding Why the CA Foundation Pass Percentag
- ITR3 - Switch from Old to New Regime
- Best Online Coaching for CA Intermediate Complete
- FCRA 6A Address Change request
- Can you share how you practically used the list fo
Related Threads
CAclubindia
