adspace


how to calculate vat, st, cst, excise duty, customs duty, tds.

Answer Posted / Prachi Shikher

Calculating indirect taxes like VAT, ST, CST, Excise Duty, Customs Duty, and TDS can be complex as the rules vary depending on various factors such as tax rates, applicable exemptions, and specific regulations. Here's a simplified example for calculating VAT:n
1. Identify the taxable amount (excluding taxes).
2. Determine the VAT rate (varies by country and product/service).
3. Calculate the tax amount: Tax Amount = Taxable Amount * VAT Rate.
4. Add the tax amount to the taxable amount to get the final price including VAT.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

please provide to us the rules of wct in andhra pradesh (Hyderabad)

2281


what is rate of different service tax in haryana

1857


Any one can mail soft copy of Balance sheet,Trading and profit and loss alc.of a small firm or small co for study

2393


Please some one tell me what is the VAT or WCT rate for works contract at Tripura

2596


What are the procedures for remitting WCT?

2195


What will be the planned expenditure in the budget 2009-10

2405


service tax

2100


Are woollen Blankets (Rugs) taxable under CST ? Can unregistered party sell it.

2068


HOW MUCH PENALY IF SALES TAX IS NOT PAID ON DUE DATE IN HARYANA SALES TAX

2389


What is commercial tax? and what comes under commercial tax? What are the Provisions relating to it?

2045


The CST assessement for the FY 2006-07 is completed on 31-3- 2010 and the same is received by dealer on 22-4-10. The question is that the dealer colud not produced the original H Forms at the time time asst. except the photostat copies filed. But the CTO not allowed and calculate tax at net 4% on H Forms turnover. CTO is saying that it is time barred by 31-3-10. Therefore even after produced we can not revise. We filed with case laws that it can be revised But when it is time barred it canot be. Therefore I request You to help the dealer ANYCASE LAW is there in the above case Pl. guide us.

2254


Can u provided all the dues date and depositing date which are used in general manner or Income tax..

1796


Hi Kindly provide the current slab for profession tax in karnataka and due date for remittance the profession tax

2469


what was the VAT rate on inverters(home ups) in karnataka on 2016??

1709


I AM SAKTHIVEL,MY QUESTION IS 1.WHAT ARE THE LEDGER TO BE MAINTAINED FOR SERVICE TAX 2.KINDLY EXPLAIN WITH EXAMPLE FOR PURCHASE ALONG WITH SERVICE TAX 3.SALES ALONG WITH SERVICE TAX 4.IN TALLY E.R.P HOW I GROUP THE LEDGER 5.GIVE NECESSARY JOURNAL ENTRY FOR ALL SERVICE TAX RELATED TRANSACTION 6.ANY OTHER IMPORTANT NOTE U WISH TO INFORM ME 7.HOW I CROSS CHECK IT ### PLEASE HELP ME REGARDS SAKTHIVEL

2226