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How to Calculate Sales tax From Given Sales Fig. & Purchase

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Querist : Anonymous (Querist)
09 November 2009 How to Calculate Sales Tax/Refund from Given Sales figures & Purchase Figures from ABC Company

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09 November 2009 Which ABC Co. Clarify Properly

29 November 2009 Explain your query properly. what u r saying ? with data

31 December 2009 sale tax payable - sale tax input credit= Refund receivable.

Gross Sale vaulue(including sale tax)*SR/100+ SR
Gross Purchases vaulue(including sale tax)*SR/100+ SR

SR is sale tax rate.


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