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Confusion about the taxes
#1
We are told by our CA that we need to pay VAT on total billing vallue (including shipping charges) and there will be 1% deduction in vat reimbusment for the goods we sell out side of our state.

Does everyone count these amount while deciding prices?

We discussed with some sellers and there are mixed views on this.

Can anyone throw light on this?

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#2
Yes. You CA is right.
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#3
I hope everyone take this costs in consideration. Because people are selling branded goods on unbelievable prices.

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#4
Yes this is a very big issue. Many new sellers are not aware of taxation rules.
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#5
(28-04-2016, 12:19 PM)vivekshah123 Wrote: We are told by our CA that we need to pay VAT on total billing vallue (including shipping charges) and there will be 1% deduction in vat reimbusment for the goods we sell out side of our state.

Does everyone count these amount while deciding prices?

We discussed with some sellers and there are mixed views on this.

Can anyone throw light on this?

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Vat 1% deduction means ?


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#6
tax is always calculated on the final price which is paid by the customer ( including shipping charges)

but .... if shipping charges is levied by Marketplace u r nt liable to pay the tax on shipping charges than

Thanks
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#7
(28-04-2016, 11:59 PM)surya etail Wrote:
(28-04-2016, 12:19 PM)vivekshah123 Wrote: We are told by our CA that we need to pay VAT on total billing vallue (including shipping charges) and there will be 1% deduction in vat reimbusment for the goods we sell out side of our state.

Does everyone count these amount while deciding prices?

We discussed with some sellers and there are mixed views on this.

Can anyone throw light on this?

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Vat 1% deduction means ?


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You have to reduce your input tax credit by amount of 1% of CST sales
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