Compute the sales tax amount on the following transactions:
MRP rs 1000/-
Sales Tax is 10%
cess on sales tax is 5%
Turnover tax is 1% on net turnover
- 1 Answers
- 4259 Views
- I also Faced
- E-Mail Answers
Answer / guest
Sales tax = 1000*10%=100
Cess on sales tax=100*5%=5
Turnover tax=(100+5)*1%=1.5
Then total Sales tax=106.5
| Is This Answer Correct ? | 2 Yes | 7 No |
What is the meaning of cost center?
WHAT IS B.E.P. CHART
Hi Actually Im Accounts Executive Currently I Have one Offer as a Stores & Purchase Accountant can you suggest it is good and what type of works will be there ??
What are direct income and indirect income
what is Future period and adjustment period?
1 Answers Bank Of America, Idea,
i have one question.when using fbra for reset clearing,message exchange rate different was posted and i have do reversalon the same time using fb08 but unfortunately i' m not authorize to use this transaction.my collegue only have.so how should i do.please advise
What Will Be The Journal Entry In Case Of Credit Note In The Books Of The Sender?
What are the General Ledgers?
What is the quality of the accountant & rights ? hansika.kk@gmail.com
Is closing stock will recorded in Trail balance?
what is the effect of repo rate
4 Answers BIIB Pune, Capital IQ,
Dear all, what is the limit for payment to consultaion fee to avoid tds. if it is a company firm. (even it is a 1000/- shall we have to deduct 10.3%)
Audit 
