TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Understanding GST Calculation: Rule 35 Explained for Inclusive Pricing and Tax Indication on Invoices</h1> The value of supply inclusive of GST is calculated under Rule 35 of the CGST Rules, where the tax amount is determined by multiplying the value inclusive of taxes by the tax rate percentage and dividing by the sum of 100 plus the applicable tax rates. This method applies when products are sold at MRP inclusive of tax, and the tax amount must be indicated on the invoice. Cash discounts and interest are also considered inclusive of tax, requiring back calculations for tax payable. 'Open market value' refers to the full monetary value excluding taxes, and 'supply of goods or services' refers to similar transactions under comparable circumstances.
TaxTMI 
TaxTMI 
