Calculation of VAT
This query is : Resolved
Geet Pamnani
(Querist)
20 May 2008
Can anybody please assist me in Calculation of VAT.
For Example
I sold goods of Rs say 200000 & I incurred a Transport cost of Rs.10000.
So I will charge VAT on 200000 or 210000(including Transport cost)
For Example
I sold goods of Rs say 200000 & I incurred a Transport cost of Rs.10000.
So I will charge VAT on 200000 or 210000(including Transport cost)
CA. Vineet Grover
(Expert)
20 May 2008
Hi Geet,
VAT shall be calculated on Rs.2 Lacs and not Rs.2.10 Lacs.
Rgds/
Vineet
VAT shall be calculated on Rs.2 Lacs and not Rs.2.10 Lacs.
Rgds/
Vineet
CA. O.P. Agarwalla
(Expert)
18 September 2008
Yes. A agree it will be on Rs. 200000 only. You may see the definition of sale price.
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