If purchase price = 1000+18%+200 experience =1380.
If I will sale ..what will be amount of SALE PRICE ??
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How to calculate get
Replies (11)
if your purchase price is 1000+18%=1180 and u add 200/- as ur profit your sales price will be 1180+200+36=1416/-
How it is possible
call @ 9838766110 will explain
Tax paid on purchase 180 and collection 0nly 36, how
Tax collection 216....
At the time of return.,
You ll less your purchase tax to sales tax (216 - 180 = 36)
Your tax liability Is. 36. You ll pay to govt Rs. 36....
At the time of return.,
You ll less your purchase tax to sales tax (216 - 180 = 36)
Your tax liability Is. 36. You ll pay to govt Rs. 36....
hope you're satisfied
Yes I'm satisfied
In this case ,we can say that if purchaser is follow composition scheme ,,,he cannot collect tax on sale
Is this right y wrong
@ Shoaib...
You ll see the link You get satisfy
/experts/how-to-calculate-gst-on-sale--2571584.asp
And he can not claim ITC. So total cost of purchase will be 1380 + profit % as desired by you + 1% GST, suppose profit is 10%., cost of purchase Rs.1380 + 138 profit =1518 + 15.18 GST comes to Rs. 1533.18 say Rs.1533
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