i have purchased a good (mrp 100)
party give me 17% discount on mrp
and add 18%Gst
and i sale that product to customer on 13% discont on mrp and add 18% tax is it right or wrong
yes it is right. Material basic price 84.75+tax 15.75.
it purchase price is 70.34+tax 12.66 and sell price is 73.73+tax 13.27.ur profit is 3.39 and tax is .61
CAclubindia
