Know the rate calculate
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 January 2017
hi suppose the total price of bill was 3600 then how much vat is included in this ?
rate of vat is 12.5%
rate of vat is 12.5%
31 January 2017
U must know the process of back calculation for that, after that u can compute it by urself. U know that the amount 3600/- is inclusive of VAT which is 12.5%. So u must know(suppose) that the actual value is 100%. so the total amount (3600/-) is 112.5%. So the computation is 3600/112.5*100 = 3200/- and VAT amount is 400/-
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