Dear All,
We are selling goods through online. How should we calculate VAT /CST
Price of product 100.
Which is correct , option A or B ?
A ) VAT @ is 14.5% is Rs.14.5 (price exclusive of taxes)
B) VAT @ 14.5% is Rs.12.66 (price inclusive of taxes)
John JRP (Accounts) (108 Points)
17 February 2015Dear All,
We are selling goods through online. How should we calculate VAT /CST
Price of product 100.
Which is correct , option A or B ?
A ) VAT @ is 14.5% is Rs.14.5 (price exclusive of taxes)
B) VAT @ 14.5% is Rs.12.66 (price inclusive of taxes)
Manjunath K
(Articleship)
(28 Points)
Replied 17 February 2015
Arif Ali
(Apt Co Advisory)
(1230 Points)
Replied 17 February 2015
Hi John, if you sell of Rs.100 (not more than MRP), and if you not charged more for VAT/CST on this, then Rs.100 will be deemed as Option B. So accordingly you have to pay Rs.12.66 to Govt.
nagesh
(accountant)
(221 Points)
Replied 17 February 2015
how much the fuji film sale rate regarding karnataka vat?
a. 5.5%
b. 14.5%
Raghu vender singh
(article assisstant)
(80 Points)
Replied 17 February 2015
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
