Tax rate applicable
This query is : Resolved
03 August 2019
A registered composite dealer trading of jewellery business.
Selling of jewellery value rs.40000 to customer. Gold received from vaule rs.15000 same customer.tax applicable rs.40000 or 25000 value.
Selling of jewellery value rs.40000 to customer. Gold received from vaule rs.15000 same customer.tax applicable rs.40000 or 25000 value.
03 August 2019
Tax will applicable on Rs 40000/-
As per Sec 15(III) of Act , tax will be applicable on sum total of consideration
As per Sec 15(III) of Act , tax will be applicable on sum total of consideration
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04 August 2019
gold received from customer value rs.15000 treated purchases from un registered
07 August 2019
Sales booked in the books of account is Rs 40000. Hence gst to be paid in 40000
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