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)
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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

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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)
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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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