Vat calculation

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Querist : Anonymous

Querist : Anonymous (Querist)

29 October 2015
Sir I am accountant I have problem in vat calculation

Suppose mrp I have one bill contain both vat 5 % and 12.5 %
Then how can I find assessable value

x-value of mrp
discount
vat amount (5 % and 12.5%)

how to calculate assessable value of 5% and 12.5 %

pls solve this quary

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

30 October 2015 YOU HAVE TO BIFURCATE ITEM BASED ON VAT , ALL BILL WILL HAVE BIFURACATION OF ASSESSABLE VALUE BASED ON CLASIFICATION, IF NOT YOU HAVE TO BIFURCATE ITEM BASED ON CLASSIFICATION THAN YOU HAVE TO CALCULATE MANUALLY

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

30 October 2015 sir i want to learn the practical accounting so pls guide me books or site for rules and regulation for update my knowledge.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

31 October 2015 if you want to learn Simple accounts B.S RAMAN is very good to understand , lot of Illustration given to understand each format of accounts both financial & advanced accounts , you can also refer shukla and grewal

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