Product MRP 60/- Rs GST 18% Slab,
PTR 50.84*100/100+20=5084/120=42.36 GST 18%=7.63
This is PTS. Our Question is How to Calculate Net Rate because GST include Net Rate. I Know the net rate. Some body provide me. So help me How to calculate Net rates?
Net rates are calculated based upon the cost and profit margin at the product. Net rates calculation doesn’t depend at MRP of product but MRP calculation depend at Net rates.
Net Rates are calculated as per formula: Cost x %margin + %GST (If net rates are inclusive of GST).
If you are marketing company, Cost is calculated on the basis of Formula:
Cost= Third Party Rate + Transportation + Other Expenses + % Profit Margin
After fixing the Net rates, you can fix MRP accordingly but after Fixing MRP, it’s very difficult to fix Net rates.
Read in Detail about: How to Calculate Maximum Retail Price?
Read in detail about How to calculate Net Rates, Profit margin?