SUPPOSE A RETAILER PURCAHSE A PRODUCT FROM WHOLSALER FOR RS 800 AND PAY GST @ 5% RS 40 TOTAL 840 AND PRODUCT MRP IS 1000 NOW HOW RETAILER CHARGE GST ON THE SAME PRODUCT IF HE SALE IT FOR RS 950
ON MRP OR ON SALE VALUE(REVERSE CALCLULATION)
sidhigiri (Ipcc) (236 Points)
04 August 2017SUPPOSE A RETAILER PURCAHSE A PRODUCT FROM WHOLSALER FOR RS 800 AND PAY GST @ 5% RS 40 TOTAL 840 AND PRODUCT MRP IS 1000 NOW HOW RETAILER CHARGE GST ON THE SAME PRODUCT IF HE SALE IT FOR RS 950
ON MRP OR ON SALE VALUE(REVERSE CALCLULATION)