How to allocate vat amount
This query is : Resolved
24 December 2015
dear every one
me have both vat amount i.e.12.5% 45rs and 5% 118 and gross amount is 14473 is how to calclute gross amount (exclude vat amt for 5% and 12.5%)
can you help me as far as possible
me have both vat amount i.e.12.5% 45rs and 5% 118 and gross amount is 14473 is how to calclute gross amount (exclude vat amt for 5% and 12.5%)
can you help me as far as possible
KAVIRAJA ADDANGADI
(Expert)
24 December 2015
Vat 5% Value 2360 Tax 118/-
VAT12.5% Value 360 Tax 45/-
11590-exempted Goods or Other Chgs
VAT12.5% Value 360 Tax 45/-
11590-exempted Goods or Other Chgs
24 December 2015
please give a how to calculate the method also or working provide me as far as possible
KAVIRAJA ADDANGADI
(Expert)
24 December 2015
Multiply Vat with 100 and divide Vat Percentage 118*100/12.5 you get Net Amount
24 December 2015
IT IS NOT MATCH WITH ARE YOU PROVIDED ANASWER
PLEASE GIVE ME ACCURATE ANSWER WITH WORKING
PLEASE GIVE ME ACCURATE ANSWER WITH WORKING
24 December 2015
THANK YOU A LOT FIR SHARING KNOWALEDGE AND TIME SPEND FOR ME
ONCE AGAIN THANK YOU
ONCE AGAIN THANK YOU
KAVIRAJA ADDANGADI
(Expert)
24 December 2015
118*100/5 you get 2360
45*100/12.5 you get 360
If you calculate 2360 @5% you get 118.00
Same way 360@12.5% you get 45.00
45*100/12.5 you get 360
If you calculate 2360 @5% you get 118.00
Same way 360@12.5% you get 45.00
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