abhishreshthaa

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PURCHASE PRICE

WHAT IS SIGNIFICANCE AND RELEVANCE THEREOF?

Determination thereof is required to:

• Calculate turnover (including turnover of purchases) for
determining threshold limit to ascertain liability to tax; and


• Calculate purchase tax.


WHAT DOES PURCHASE PRICE MEAN?


It means the valuable consideration for any purchase made.



WHAT DOES PURCHASE PRICE INCLUDE?

• Any charge for anything done by the seller to the goods at or before delivery and/or


• Excise duty; and/or


• Customs duty; and/or


• Deposit whether refundable or not in connection with or incidental to the purchase, etc.



WHAT DOES PURCHASE PRICE EXCLUDE?


• Insurance, cost of transit, when it is separately charged; and/or

• Installation cost, when it is separately charged and/or


• Tax on purchase, etc.
 
PURCHASE PRICE

WHAT IS SIGNIFICANCE AND RELEVANCE THEREOF?

Determination thereof is required to:

• Calculate turnover (including turnover of purchases) for
determining threshold limit to ascertain liability to tax; and


• Calculate purchase tax.


WHAT DOES PURCHASE PRICE MEAN?


It means the valuable consideration for any purchase made.



WHAT DOES PURCHASE PRICE INCLUDE?

• Any charge for anything done by the seller to the goods at or before delivery and/or


• Excise duty; and/or


• Customs duty; and/or


• Deposit whether refundable or not in connection with or incidental to the purchase, etc.



WHAT DOES PURCHASE PRICE EXCLUDE?


• Insurance, cost of transit, when it is separately charged; and/or

• Installation cost, when it is separately charged and/or


• Tax on purchase, etc.

Hey abhi, thanks for sharing such a great information on the purchase price. Well, from my point of view purchase price is the price which a investor pays for a security. For more detailed information, please check my presentation.
 

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