Can any one tell me about VAT calculation?


Can any one tell me that is there any special mode of calculation for a Manufacturing Companies in the term of VAT Calculation ??? I mean to ask is there any procedure which has to be followed for Vat Calculation for a Mfg. Company..???

And what is a*b/c Formula??

Please elaborate and explain me if you know about it??

Any how friends lemme convey you i got a job in Manufacturing Company as an Accountants Executive and i was availed a monthly pay of 10,000/- as consolidated pay.

Thnks & Waiting for your replies

K.N.V.V.S.K.SRI KANTH

 
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