This question was asked in What is Income Tax

HELLO SIR, IN GST IF  TAX PERCENT IS 5% GST   IN BELOW  500  AND ABOVE IS 18% FOR FOOTWEAR.

CAN YOU PLASE TELL THE RATE OF PERCENTAGE 5%  18%  CALCULATION

 

A PAIRS OF SHOES WHICH  MRP   799  BUT  SELLING PRICE IS  380  (SALE RATE)

HOW MUCH TAX SHOULD WE CHARGE ON THAT  ON SALES RATE 5%

OR  ON MRP 18%

md sufiyan's image