GST calculation for Music Instruments(India)
Hello. I am thinking to start selling on amazon. I have my GST number ready and amazon amazon seller account registered .
Now here goes my situation.
I am importing a product with all the cost related to import will be taken care by seller of other country.
Now I am planning to sell the product on Amazon account.
The GST on music instruments is 18%.
I would like to get an idea about GST calculation based on the following example.
Lets say: Cost Price of products: 12,000 INR Selling price on Amazon: 16000 INR.
How much i will be paying in GST? Also explain the GST Inclusive and GST exclusive concept.
Thanks and please take care of yourself.