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.
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.
Refer our site on how you can benefit from EZTax.in GST Accounting App ?
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