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If Sales is Rs 1000 (Inclusive of Vat), Vat Rate - 20%, What
is Vat Payable?

Question Posted / sanjay kapoor

Answers were Sorted based on User's Feedback



If Sales is Rs 1000 (Inclusive of Vat), Vat Rate - 20%, What is Vat Payable?..

Answer / sanjay kapoor

If Sales is Rs 1000 (Inclusive of Vat), Vat Rate - 20%, What
is Vat Payable?
Vat Payable = 1000*20/120=Rs 166.6667

Is This Answer Correct ?    22 Yes 2 No

If Sales is Rs 1000 (Inclusive of Vat), Vat Rate - 20%, What is Vat Payable?..

Answer / nilesh kumar

166.67

(1000*20/120)

Is This Answer Correct ?    11 Yes 1 No

If Sales is Rs 1000 (Inclusive of Vat), Vat Rate - 20%, What is Vat Payable?..

Answer / molabanti

sales is 1000 inclusive of vat means its = to 120%

now 120%----1000
20%----- ?

20*1000=20000/120=166.67

vat 166.67
sales 833.33 (excluding vat)

total 1000 including vat

Is This Answer Correct ?    10 Yes 0 No

If Sales is Rs 1000 (Inclusive of Vat), Vat Rate - 20%, What is Vat Payable?..

Answer / madhulika2011

vat payable= 1000*(20/120)
= 166.67

Is This Answer Correct ?    3 Yes 0 No

If Sales is Rs 1000 (Inclusive of Vat), Vat Rate - 20%, What is Vat Payable?..

Answer / maqbool ahmed

1000*20/100

166.67 vat payable
833.33 is sales (execulding vat)
the total sales for 833.33 and vat payable 166.67

Is This Answer Correct ?    3 Yes 1 No

If Sales is Rs 1000 (Inclusive of Vat), Vat Rate - 20%, What is Vat Payable?..

Answer / mohammed fareed

Sales Rs. 1000/- inclusive of taxes
VAT @ 20%
 therefore : sales + vat = total sales

 In numbers: 100 + 20 = 120

 i.e vat = 1000*20/120 = 166.67/-
     sales=1000*100/120= 833.33/-
     
   IF sales is exclusive of taxes:
 
     Rs.1000*20%= Rs.200/- 

   

Is This Answer Correct ?    2 Yes 0 No

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