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Issue ID: 111462
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Maximum allowed percentage of profit while selling food

Date 05 Feb 2017
Replies9 Replies
Views 4678 Views
Asked by
No statutory profit margin: sellers set food prices based on market factors leading to variable markups.
There is no statutory cap on profit margins for food sales; pricing is set by market forces such as demand, competition, quality, overheads and location. Cited sectoral margins are illustrative market examples, not legal limits. Higher transaction values may affect tax reporting and withholding, so tax compliance applies irrespective of chosen margins. (AI Summary)

Could Somebody assist me for this question.

Once I buy the ingredients, suppose, if the cost of ingredients + making charges of food is ₹ 100.

How much percentage of profit I can include on top of ₹ 100.

I am asking to clarify the legally allowed percentage of profit as per law.

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