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vat calculation

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(Querist)
23 July 2009 Dear Experts,
My client has medical shop. He sells medicines at the MRP Rate(Inclusive of all taxes). His sales for last month comes to Rs.27000/-. He is registered under Tamilnadu VAT. He has not collected any tax amount separetely. The amount mentioned in the bill is MRP Price. Whether he has to pay any tax? If so, How to calculate the VAT? Thanks in Advance.
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Vishnu Saboo

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Vishnu Saboo (Expert)
24 July 2009 tax is collected, whether separetely or inclusive, hence tax must be diposited in Govt. treasury.
Tax Can be calculated as per revers calculation i.e. if Value is 100 inclusive of 4% tax then 100/104*4= Tax.
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sathyam

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sathyam (Querist)
24 July 2009 Thank u Mr.Arun Saboo
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