vat calculation
This query is : Resolved
harkeshmohan
(Querist)
10 February 2011
I AM IN CONFUSION TO COMPUTE THE VAT PAYABLE AT EACH STAGE USING "INVOICE METHOD"
AA (MANUFACTURER) sold goods to BB (DISTRIBUTOR) at Rs. 4000/=
profit (as % of cost price) ----
-------------------------------------------
BB sold goods to CC(WHOLESALER)
-----profit (as % of cost price) 56.25%
-------------------------------------------
CC sold goods to DD (RETAILER)
-----profit (as % of cost price) 25.00%
DD sold goods to EE (ULTIMATE CONSUMER)
-----profit (as % of cost price) 25.00%
Assume that the VAT rate is 4% and that there was no value addition at various stages of sale except profit margin.
AA (MANUFACTURER) sold goods to BB (DISTRIBUTOR) at Rs. 4000/=
profit (as % of cost price) ----
-------------------------------------------
BB sold goods to CC(WHOLESALER)
-----profit (as % of cost price) 56.25%
-------------------------------------------
CC sold goods to DD (RETAILER)
-----profit (as % of cost price) 25.00%
DD sold goods to EE (ULTIMATE CONSUMER)
-----profit (as % of cost price) 25.00%
Assume that the VAT rate is 4% and that there was no value addition at various stages of sale except profit margin.
harkeshmohan
(Querist)
22 March 2011
harkeshmohan
( Author )
10 February 2011
I AM IN CONFUSION TO COMPUTE THE VAT PAYABLE AT EACH STAGE USING "INVOICE METHOD"
AA (MANUFACTURER) sold goods to BB (DISTRIBUTOR) at Rs. 4000/=
profit (as % of cost price) ----
-------------------------------------------
BB sold goods to CC(WHOLESALER)
-----profit (as % of cost price) 56.25%
-------------------------------------------
CC sold goods to DD (RETAILER)
-----profit (as % of cost price) 25.00%
DD sold goods to EE (ULTIMATE CONSUMER)
-----profit (as % of cost price) 25.00%
Assume that the VAT rate is 4% and that there was no value addition at various stages of sale except profit margin.
harkeshmohan
( Author )
10 February 2011
I AM IN CONFUSION TO COMPUTE THE VAT PAYABLE AT EACH STAGE USING "INVOICE METHOD"
AA (MANUFACTURER) sold goods to BB (DISTRIBUTOR) at Rs. 4000/=
profit (as % of cost price) ----
-------------------------------------------
BB sold goods to CC(WHOLESALER)
-----profit (as % of cost price) 56.25%
-------------------------------------------
CC sold goods to DD (RETAILER)
-----profit (as % of cost price) 25.00%
DD sold goods to EE (ULTIMATE CONSUMER)
-----profit (as % of cost price) 25.00%
Assume that the VAT rate is 4% and that there was no value addition at various stages of sale except profit margin.
02 August 2025
https://docs.google.com/document/d/1iai7BgBszqNRsjWqAQXjqMWP77MewRNA2v240x27Fqw/edit?usp=sharing
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