What's the VAT percentage?
Answers were Sorted based on User's Feedback
Answer / shankar mishra
every state has own rate of vat on each goods like
i delhi - 5 % , 12.5% ,
2 up 5% , 13.5%
3 Haryana 5% (+surcharge 5% on vat) 12.5%
on precisious item ony 1% in each state.
Is This Answer Correct ? | 19 Yes | 4 No |
Answer / banoj kumar swain
every state has own rate of vat on each goods.
Is This Answer Correct ? | 9 Yes | 4 No |
Answer / syed shakir ali
VAT RATES DECIDED BY STATE GOVT RESPECTIVE STATES.
ANDHARAPRADESH------
1. 4%
2. 14.5%.
Is This Answer Correct ? | 8 Yes | 4 No |
Answer / govind sharma
VAT= Value Added Tax
how can we tell you a right % without know Item. it all
depend to item some item like iron & steel comes in 4% head
and some item comes in 5% like plastic material & any item
which is not show right % in curriculum then it will be
12.5% in delhi
Is This Answer Correct ? | 5 Yes | 3 No |
Answer / harsh saklani
Vat is value added tax 13.5% Row Matteral 4%
Is This Answer Correct ? | 7 Yes | 6 No |
Answer / renukaradhya
Var percentage is 5% and 14.5% in karnataka
Is This Answer Correct ? | 1 Yes | 1 No |
Answer / venu
vat is a value added tax right now we are calculating @14.5%
Is This Answer Correct ? | 5 Yes | 7 No |
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Trial balance as on 31st March, 2014 Particulars Debit Pula Particulars Credit Pula Wages 14 100 Dividends received 4 300 Salaries 13 000 Bank overdraft 41 000 Opening Stock 40 000 Returns 1 000 Machinery 49 000 Creditors 14 200 Investments 30 700 Sales 258 500 Drawings 23 000 Capital 30 000 Purchases 130 000 Returns 2 000 Debtors 18 000 Advertising 13 400 Interest 4 800 Cash 11 000 349 000 ======= 349 000 ======== Additional information: 1. Closing stock is valued at P53 000. 2. Wages include P350 being advance against wages. 3. Wages include P1 000 paid for erection of machinery. 4. A purchase of stationery for P430 has been inadvertently included in the Purchases account. 5. A sale of investments with a book value of P2 600 for P2 500 has been included in the Sales Account. 6. Salaries include P150 per month paid to the proprietor’s domestic servant. 7. Machinery is to be depreciated by 10 per cent. Required: a. The revenue statement (Trading and Profit and Loss Account) for the year ended 31st March 2014 and b. Statement of financial position (Balance Sheet) as on 31st March, 2014.
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