Vat after cash discount or before
This query is : Resolved
Pratick Dandapat
(Querist)
10 June 2013
Let the price of product be 120
trade discount Rs 20
price now 100
CD 10%
price 90,
Now on which amount should the VAT be calculated 100 or 90
Pls help....for WB VAT and refer a sec so that i can read n undersatnd.
trade discount Rs 20
price now 100
CD 10%
price 90,
Now on which amount should the VAT be calculated 100 or 90
Pls help....for WB VAT and refer a sec so that i can read n undersatnd.
CMA Ramesh Krishnan
(Expert)
14 June 2013
Cash discount not to be considered while calculating the VAT. so vat apply on Rs.100
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