Need help on the vat to calculate sale price of my product

Shailesh Mishra (business owner) (25 Points)

15 March 2015  

Hi,

My products are Sweet meat and I understand 5% VAT is applicable

Can anyone help me understand how the VAT and other taxes needs to be factored in while calculating the selling prices.

Is the taxes applied on the MRP or the my selling price to Retailesr/distributors?