Excise duty, cst and vat calculation
This query is : Open
09 July 2015
how to calculate the cost of goods if excise duty is 12.36%, cst is 2% and vat is 5%
09 July 2015
For Eg
COGS (Cost of goods sold) - 100
Excise Duty - 12.36
Total - 112.36
CST - 2.24
Vat (5% on 2.24) - 0.11
Total - 114.71
COGS (Cost of goods sold) - 100
Excise Duty - 12.36
Total - 112.36
CST - 2.24
Vat (5% on 2.24) - 0.11
Total - 114.71
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