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 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 + GST
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?