return under RCM
anurag gupta (professional) (43 Points)
23 August 2017anurag gupta (professional) (43 Points)
23 August 2017
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 23 August 2017
No....
He calculate the tax amount includes rate from the MRP.....
If MRP is 100 and Tax Rate is 18%. Then he calculate Rs. 84.75 x 18% = 15.25.... Tax Value is 15.25
anurag gupta
(professional)
(43 Points)
Replied 23 August 2017
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 23 August 2017
Traders also collect tax his sales for the MRP related products... MRP products also include the tax amounts.