If Sales is Rs 1000 (Inclusive of Vat), Vat Rate

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

Question Posted / sanjay kapoor

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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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