Associate
26 Points
Joined April 2013
Hi Team,
I am a online seller which sold units through flipkart. I have received a email by flipkart and they was told :
Let us consider that the MRP of a shoe is Rs. 700 and the selling price is Rs. 400, then the tax slab will be 18% (MRP above 500).
if the MRP of the shoe is 499 and the selling price is Rs. 400. Then, tax slab will be 5% (MRP< 500).
Team, I want to ask you that statement is right or wrong ?
CAclubindia
