Interested to Buy Any Domain ? << Click Here >> for more details...
how to calculate vat?
- 2 Answers
- 12349 Views
- Jaypee, Maruti Suzuki, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / prasad
Vat Payable = Output vat - Input vat
For Ex: Vat calculate monthly basis.
For the month of Oct We have Purchases Exculading vat value - 100000 Vat 5% - 5000 and We have sales Exculading vat value - 150000 Vat 5% - 7500
Here Vat payable is 7500 - 5000 = 2500
We will pay this amount before 20 th Nov and Submit the vat return also.
| Is This Answer Correct ? | 33 Yes | 3 No |
Answer / aisha
VAT calculation formula for VAT exclusion is the following: to calculate VAT having the gross amount you should divide the gross amount by 1 + VAT percentage (i.e. if it is 15%, then you should divide by 1.15), then subtract the gross amount, multiply by -1 and round to the closest value (including eurocents).
| Is This Answer Correct ? | 3 Yes | 5 No |
What is the exemption limit of senior citizen for F.Y. 2010- 11?
How to calculate of WCT of haryana state and what is the effect on Sales Tax, Service Tax & TDS.
Total amount inclusive of tax is 1,00,000 1) ST @ 14.5% on 30% of value 2) COT @ 4% on 100% of value Please find the answer?
If some body asks me m y TIN number what does that mean?? Is it my Taxpayers Identification number or it is my Tax invoice number? What does both of these stands for???
What is the TDS . and how can we identify this is TDS Deductable or not.
What is the meaning of "ROC"? pls give detail information regarding ROC procedure.
what is percentage of work contract I have construction a house I paid my Manson Rs.3 Lakhs for labour charges what percentage I have deduct in Manson account and I have give cement. sand and Iron the Manson was supplied only labour like female and male labours. What is the answer and percentage of TDS.
Should WCT deduct on Invoice where VAT charged but service tax not charged as service tax is not applicable to concern vendor (vendor gross income under 10Lacs)?
Whether Tax will be deducted by Deductee as a Society for Construction Contact Rs 3000000 to a Company
Wat are the heads in Taxation?
wht do you mean by copmosition of tax
Sir please confirm job work sale for clothes shat d1 yes & no
Audit 
