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How to calculate pf, esi, vat, sales tax etc.,
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Answer Posted / pradip
VAT : VAT percentage is 1, 4, 12.5%. It is a tax which is
charged on the basic value+cenvat+e.cess on cenvat of the
product by the seller. cenvat percentage 10 & cess 2% on
cenvat & h.edu. cess 1% on cenvat.
from the buyer and the same is remitted to the Sales Tax
Departement. for eg if the product value is Rs. 100 and the
tax applicable is 4%, in such case a bill is raised for Rs.
100+10.3%+4%.
| Is This Answer Correct ? | 4 Yes | 0 No |
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