Accounting, Companies Act, General, GST
by EZTax India

What is the difference between Tax Exclusive and Tax Inclusive?

Tax exclusive inclusive from EZTax

Tax Exclusive

This means that the price charged for goods or services or both does not include tax. Tax is separately charged on the price.

For example: If the price of good is Rs 200 exclusive and GST rate is 5%, then customer needs to pay Rs 210 as the price is exclusive of taxes.

Tax exclusive inclusive from EZTax
Tax exclusive inclusive from EZTax.in

Tax Inclusive

This means that the price charged for goods or services or both includes tax in the price. Tax is not charged separately on the price.

For example: if the price of good is Rs 200 inclusive and GST rate is 5%, then the customer needs to pay Rs 200 as the price is inclusive of taxes.

 

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