How to find taxable value amount of multiple tax invoice


(Querist)
21 September 2019
dear sir
i have accountant in a shop, i have billed a multiple tax invoice B2C in xls format . for example invoice value 11569
tax value of this invoice 9351, tax slab rate is 18% and 28% .
i request your good office how to find the taxable value of 28% tax and 18% separately in same invoice .
if any experts pls solve my question .
my mail id is kajanajumudeen2013@gmail.com


RAJA P M (Expert)


Click to Talk 21 September 2019
If Your said invoices not shown separate values of the basic. Then just calculate reverse basis. You can get the Taxable Value of the goods...

Gokul Sharma (Expert)
21 September 2019
1.18X + 1.28X = 11569

Solve x = 4703

now your 18 % turnover will come 4703*1.18=5550 approx
tax on 18% = 5550-4703=847
check 4703*18%= 847

do same procedure for 28%


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