question about sales tax

[Sibaprasad Das]

How sales tax calculated. What is the proceedure of sales tax return.

AI Summary

Understanding Sales Tax: Calculation, Procedure, and State Variations Explained in Simple Terms A query was raised regarding the calculation and procedure for sales tax returns. Two responses clarified that sales tax is calculated based on the sales value, which is defined differently across state laws. The tax rate varies depending on the commodity or item. Sales tax is a state-specific tax, contributing to state revenue, and is levied on the final selling price of a product. The process for filing sales tax returns also varies from state to state, as per the respective Sales Tax Act.