i dono how to calculate vat pls help me
- 5 Answers
- 11638 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vinoth
When a company purchase or sold an item means, at that time
tax will be calculated that's called Value Added Tax(VAT).
And that's depend upon the percentage.
| Is This Answer Correct ? | 19 Yes | 3 No |
Answer / rajiv sabharwal
VAT means Value Added Tax. Presently VAT in Delhi is 4%. VAT
is levied on Sales of Commercial goods by registered dealers
(dealers registered with Govt. Authorities)at the time sales.
The calculation of VAT is as simple as of Sales Tax. If you
are charging 4% on 1000 Rs. goods then the VAT is 40 Rs.
But at the time of depositing the collected VAT to
authorities we can claim rebate against the INPUT VAT paid
at the time of purchasing goods (only on local purchase and
not the central purchase).
The entry would be :-
4% VAT A/c -- Dr.
To 4% Input VAT
To VAT Payable A/c
| Is This Answer Correct ? | 18 Yes | 2 No |
Answer / m.ravi kanth
VAT :value added tax
VAT RATES :4%
12.5%
VAT is calculated on the assesiable value
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / anamika sheoran
value added tax is 4% its use for local sales,if you are
sale of rs.10400(including vat) than vat amount is rs.400
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / mohan
VALUE ADDED TAX IS 5% ITS FOR USE LOCAL SALES, IF YOU ARE SALE OF OTHER STATE,TO 2% CST, C"FORM AGENITS,BUT PARTY HAS NOT ISSU C".SO FULL RATE CHARGEBALE 5% VALUE ADDED TAX.
| Is This Answer Correct ? | 0 Yes | 0 No |
what is TDS ?
Short answer on _______Amendment
how to calculate BEP in this problem? Sales Rs.3,00,000 Fixed Exp. Rs. 75,000 Direct Material.Rs.1,00,000 Direct Labour Rs.60,000 Direct exp. RSs.40,000
Expand-------ANCS
What steps to be taken at the time of implementation of Oracle ERP and please give the chart of accounts and links to be given
what is capital budgeting and techniques of capital budgeting.
9 Answers Infosys, Suzuki, Wipro,
Short Answer on __________Leverage
How Frequently shall a company file the service tax returns and how frequently shall a company pay the service tax to the Government ?
what is the bills payble and bills receivable
Dear All, myself B.k Singh graduate with B.Com and PGDBM - Finance, I was worked with Service Company for 6 yrs.Now past 2yrs working with Real Estate,moreover I want to some course short term, plz guide me.
what is current ratio and how it is calculated
What is the Difference between Rectification of Errors and Adjustment Entry ?
Audit 
