i want basic formula to find vat 4% from the total bill
- 6 Answers
- 17781 Views
- I also Faced
- E-Mail Answers
Answer Posted / bhaskar
MATERIAL BASIC VALUE IS 10000
THEN YOU CALCULATE DUTY-10% ED CESS-1%,SH CESS-1% AND VAT-4%
IF MATERIAL IS EXCISABLE MATERIAL VAT CALCULATION IS HERE UNDER
MATERIAL BASIC VALUE=10000
DUTY
10000*10%=1000
CESS
1000*2%=20
1000*1%=10
TOTAL VALUE OF MATERIAL=11030
THEN AFTER YOU CALUCULATE VAT LIKE HERE UNDER
VAT-11030*4%=441
IF THE MATERIAL IS NON-EXCISABLE THE VAT CALCULATION IS HERE
UNDER.
BASIC VALUE-10000
VAT-10000*4%=400
| Is This Answer Correct ? | 6 Yes | 1 No |
Post New Answer View All Answers
I had filed e-filling IT Return for A.Y.2011-12 before 1yr but yet I have not get Refund & not seen refund status at on income tax site now I filed e-return for A.Y. 2012-13 now what i do for refund A.Y. 2011-12?
which form is used for issuance of C Form ,F form etc. from Sale tax Authority (Haryana), when should be apply? what documents to be submitted?
IF ANY PROPRITER SAID THAT DON'T DEDUCT TDS OF HIM BECAUSE IT IS NOT PARTNERSHIP FIRM THEN WHAT SHOULD COMPANY DOES?
Please some one tell me what is the VAT or WCT rate for works contract at Tripura
'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.
OUR CO. ACCEPT SODEXO COUPONS FORM CUSTOMERS; WHEN WE SUBMIT COUPONS FOR REIMBURSEMENT TO SODEXO THEY DEDUCT SERVICE CHGS AND S. TAX AND PAY BALANCE AMOUNT, DOSE IT ATTRACT TDS?
Who advance tax is the asset for company? What are the accounting entries of advance income tax
Can u provided all the dues date and depositing date which are used in general manner or Income tax..
In the Balance sheet of a company you see the following details, Liabilities: Provision for tax - AY 2008-09 RS 200000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 Assets: Advance Tax- AY 2008-09 RS 150000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 On 15-03-2011, the assessment order for AY2008-09 was received and the final tax liability was stated to be RS 250000. Pass the journal entry for the closing of the relevant accounts in the books for the AY 2008-09.
IF MATERIAL TRFD. TO OTHER STATE BRANCH AS STOCK TRFD. IN FEBRUARY AND MATERIAL IS RECEIVED BY BRANCH IN THE M/O MARCH. THAN SHOULD WE ISUE A SEPARATE F FORM FOR THE M/O FEBRUARY AND MARCH
Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.
What are the procedures for remitting WCT?
hi how can we know and how to caulata pf. caucaltion of diffrent copany how much rate of pf deducted by company which is the best site to know our pf information
Which income is considered as accrued income?
anybody pls tell me about the service tax
