if my bill amount is 11000+220(excise) = 11220 total. so my vat no is registered

if my bill amount is 11000+220(excise) = 11220 total. so my vat no is registered in lumpsum condition so on which amount i need to pay tax 0.60%??

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if my bill amount is 11000+220(excise) = 11220 total. so my vat no is registered in lumpsum conditio..

Answer / Pankaj Yadav

In a lump sum VAT registration, the entire turnover (bill amount in this case) is subject to VAT at the applicable rate. Therefore, you would calculate the VAT due by multiplying the total amount (11220) by 0.60% and then rounding to the nearest whole number.

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