Are refurbished items taxable?

This is a taxable transaction and pay tax on it. You trade it in to get the next-gen iPhone, the store refurbishes it and sells it for a second time as used/refurbished. This is a taxable transaction and the new customer again pays sales tax on the phone.

What is present service tax rate?

After the new proposal brought in during the 2016 Union Budget, the current service tax rate is 15% Which is effective from June 1, 2016.

Are inspection services taxable in California?

Unlike many other states, California does not tax services unless they are an integral part of a taxable transfer of property.

How much are phone taxes and fees?

Wireless Taxes and Fees Increase in 2020

Weighted Average
Wireless: State & Local tax & fee Wireless: Federal tax & fee
7/1/2018 12.46% 6.64%
7/1/2019 12.65% 9.05%
7/1/2020 12.82% 9.83%

Do you pay taxes on wholesale purchases?

When selling products wholesale, you generally do not have to worry about charging sales tax. (Therefore, when buying items at wholesale, you generally do not need to worry about paying sales tax.)

Is repair service taxable in California?

Reconditioning and rebuilding parts If you repair and return the customer’s original part, tax generally applies only to the charge for parts and materials furnished in reconditioning or repairing the part. Repair labor is not taxable.

Which of the following is a service tax?

Service Tax was a tax that was levied by the Central Government of India on the services provided by service providers. This indirect tax came into being under the Finance Act, 1994. It was set at 15% for transactions that occurred on or after 01 June, 2016.

Is service charge taxable in California?

An optional payment designated as a tip, gratuity, or service charge is not subject to tax. A mandatory payment designated as a tip, gratuity, or service charge is included in taxable gross receipts, even if the amount is later paid by the retailer to employees.

Why is cellular service so expensive?

So the lack of direct & indirect competition, and the lack of regulation to encourage the competition is the main reason you see high mobile service costs particularly for internet access. The arguments around population density and vastness of the US in comparison to the UK are not based on fact.

Why is phone service taxed so heavily?

The high wireless tax started back in the days when cell phones were relatively new, and the government used the high tax money to pay for landline service for rural areas. Today, 5.82% of your wireless bill still goes to the Federal Universal Service Fund, which used to pay for those rural telephone services.