how to fix the price and how to show the tax

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..... how to fix the price and how to show the tax
Query (Issue) Started By: - Ramaseshaiah M Dated:- 10-7-2017 Last Reply Date:- 10-7-2017 Goods and Services Tax - GST
Got 1 Reply
GST
Sir, I .....

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..... purchased with ₹100/- and paid ₹28/- tax and added (transport+rent+profit)=₹30/- and the price is ₹158/- now ₹158/- is enough to collect from the customer, Either I need .....

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..... to collect 28% on ₹158/- nor I need to collect 28% on ₹30/- kindly help me to understand thanking you sir Reply By Shiv Kumar: The Reply: Assuming that you are getting credit of GST p .....

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..... aid on your purchases: then, your purchase price is = ₹ 100 add your margins and other cost= 30 Total sales price= 130 GST on above sales price= ₹ 36.4 you should take the credit of .....

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..... RS. 28 paid on your purchase and pay the remaining ₹ 8.4 ( 36.4-28 ) if no credit available: then your purchase cost will be = ₹ 128 ( including GST) in that case your sales price wi .....

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..... ll be=Rs. 158 ( including your profits ) then you should charge GST on ₹ 158.
Discussion Forum - Knowledge Sharing .....

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