Invoice for Rs 492650/- is inclusive of 14.5% VAT. Pl
calculate Basic Rate for the material.
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Answer Posted / h.r. sreepada bhagi
Assuming that the Invoice value of Rs.492650/- includes the
Basic Price & VAT - Basic value of the material is
Rs.430262/- & VAT @14.5% is Rs.62388/-.
Formula is - 492650 / 114.5 x 100 = 430262/-
492650 - 430262 or 492650 / 114.5 x 14.5 = 62388/-
| Is This Answer Correct ? | 134 Yes | 22 No |
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