Amount for the purpose of vat
This query is : Resolved
28 December 2015
Hello
Plz tell me if a company sales the goods Rs. 100000/- add 12.5% excise duty then on which amount vat is applicable. on Rs 100000 or Rs. 112500/-
Advance thanks
Plz tell me if a company sales the goods Rs. 100000/- add 12.5% excise duty then on which amount vat is applicable. on Rs 100000 or Rs. 112500/-
Advance thanks
28 December 2015
on 112500 that is cascading effect is there in present taxation regime however in gst it would be resolved.
28 December 2015
Thank you divyansh agarwal.
28 December 2015
Vat is calculated After adding Indirect Tax
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