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GST Rates – Goods

Posted on: November 21, 2019 | Last modified on: August 24, 2021

Introduction GST Rates on goods GST Goods rate list for following items GST rate on electrical goods/machinery GST rate on sports goods GST rate on leather goods Introduction GST stands for Goods and Services Tax and it is classified into three types CGST – Central GST SGST – State GST IGST – Integrated GST And the GST rates are classified into 4 Tier Structure of which some of the commodities are placed in high tax brackets of 28% and basic essential commodities are placed in lower tax brackets of 5% and fewer commodities are placed in Nil rate tax slab. As far…

How to Calculate and Improve Your Retail Profit Margins

Posted on: June 30, 2022 | Last modified on: February 14, 2023

What does profit margin mean? What is the average profit margin for retailers? What is the net profit margin? What is the gross profit margin? What is a good profit margin in retail? 8 Ways to Increase Your Profit Margins Software and how it can help boost sales and profit margins Retailers know that making a healthy profit is essential to stay in business. On the other hand, pricing competitively is also essential to remain attractive to customers. So, the average profit margin of each product and the business is an important metric to track in the retail business. Sometimes,…

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