i want basic formula to find vat 4% from the total bill
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Answer Posted / madhuri
To know the tax amount from total bill amount
Formula is = BillAmount*Rate of vattax/100+Rate of vattax.
example= Bill Amount is 10400
& Rate of Tax is 4%
10400*4/100+4 = 400 is Vat Tax
400- 10400 = 10000 is assessable value
| Is This Answer Correct ? | 8 Yes | 5 No |
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