vat chandigarh and punjab
This query is : Resolved
19 April 2009
Say we have to deposit the VAT of rs 200 for the month.What we do is we calculate the 90% and 10% part inclusive of this payable amt, i.e rs 200*10/110 =18 and balance is 90% i.e 182. is it the right calculation or we have to calculate simply the 90% and 10% of the VAT payable i.e 200*90%=180 and 200*10%=20.So all i want to ask is whether 180 and 20 is the right calculation or 182 or 18 is the right one ?
thanks in advance.
thanks in advance.
01 June 2009
Clarify the query.
is it 10% on 100% or total 100% (90%+10%)
182+18 and 180+20 are answers respetively.
is it 10% on 100% or total 100% (90%+10%)
182+18 and 180+20 are answers respetively.
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