on what tax is calculated on base price or net price?
Answers were Sorted based on User's Feedback
Answer / raj
Tax is calculated on the net price.......Net Price is the
Gross Price - Discounts
Is This Answer Correct ? | 13 Yes | 0 No |
Answer / us
We calculate tax on net price always.
Base price is same as gross price.
Base price - discount = Net price
Net price + tax/vat/excise etc. = Effective price.
Please correct me if I am wrong.
Is This Answer Correct ? | 7 Yes | 2 No |
it is depending on business process.
In INDIA tax calculated on
for outside state
(net price - discount ) + excise + packing + insurance without freight amount
for inside state
(net price - discount ) + excise + packing + insurance + freight amount
Out side INDIA
Tax calculated on Net price
Is This Answer Correct ? | 4 Yes | 0 No |
Answer / yogesh
we can calculate tax on both (net price/gross price)as per
requirment becouse options are available in general we
calculate tax on net price
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / pradeep deekshit
basically in india mostly we ca calculare on base price for eg vat such edu cess duty is calc on basic price of material
find me right if i was wrong
Is This Answer Correct ? | 0 Yes | 3 No |
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