vat calculation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 October 2010
i have got a bill from one of my creditors that is as follow-
total amount - 357560
excise duty@ 4% 14302
addition excise for paper
manufacturer @1/8% 447
education cess 295
h.edu.cess 147
insurance @ 0.4 % 1491
my queries is that either insurance charge will taken for calculating vat or vat will calculate by excluding insurance charge
your reply will be highly appreciated by me .
i have got a bill from one of my creditors that is as follow-
total amount - 357560
excise duty@ 4% 14302
addition excise for paper
manufacturer @1/8% 447
education cess 295
h.edu.cess 147
insurance @ 0.4 % 1491
my queries is that either insurance charge will taken for calculating vat or vat will calculate by excluding insurance charge
your reply will be highly appreciated by me .
14 October 2010
as per my knowledge vat will be calculated on goods value. insurance charges will not applicable to vat.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- Provision for loans that are under Revenue Recovery
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Form 121-contradictory opinions
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Is Personal Guarantee of Director is Compulsory in case of loan to company ??
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
