on what tax is calculated on base price or net price?

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on what tax is calculated on base price or net price?..

Answer / raj

Tax is calculated on the net price.......Net Price is the
Gross Price - Discounts

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13 Yes

0 No

on what tax is calculated on base price or net price?..

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

on what tax is calculated on base price or net price?..

Answer / raj mane

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

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4 Yes

0 No

on what tax is calculated on base price or net price?..

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

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3 Yes

1 No

on what tax is calculated on base price or net price?..

Answer / sundar

tax is calculated on the base price.

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4 Yes

3 No

on what tax is calculated on base price or net price?..

Answer / prashant

raj has got it right

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on what tax is calculated on base price or net price?..

Answer / prabhakar

tax can be calculated on both net as well as gross price as
per he business requoirement.

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0 Yes

2 No

on what tax is calculated on base price or net price?..

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

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3 No

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