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

Answer Posted / 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

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