Round off
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 March 2016
Which Method is Correct for vat(Say 12.5%)
1)Goods amount 90
Vat@12.5% 11.25
Round Off -0.25
Net Payable 101
OR
2)Which Method is Correct for vat(Say 12.5%)
Goods amount 90
Vat@12.5% 11 (actual 11.25 but round off to 11)
Net Payable 101
1)Goods amount 90
Vat@12.5% 11.25
Round Off -0.25
Net Payable 101
OR
2)Which Method is Correct for vat(Say 12.5%)
Goods amount 90
Vat@12.5% 11 (actual 11.25 but round off to 11)
Net Payable 101
12 April 2016
Both are correct.
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For DVAT Registration-Filing-Consultancy
Feel free to reach us at www.emunshe.com
Ankit Gupta
Founder Member
(Call/Whatsapp) - 9811985576
(Email) - ankit@emunshe.com
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