Vat & excise duty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2012
Dear Sir,
Kindly help in calculating the below given example - in reverse.
Base value:30000
Excise Duty(10.3%): 3090
Vat (5%) : 1654.5
Total: 347445
If some one gives a only the bill amount as 35000, how to split into seperate values - do we have on calculation method.
Kindly help in calculating the below given example - in reverse.
Base value:30000
Excise Duty(10.3%): 3090
Vat (5%) : 1654.5
Total: 347445
If some one gives a only the bill amount as 35000, how to split into seperate values - do we have on calculation method.
29 March 2012
VAT - 35,000/105*5 = Rs. 1,666/-
Ex-VAT price = Rs. 33,333/-
Excise Duty = 33,333*10.3/110.3 = Rs. 3,113/-
Basic Price = Rs. 30,220/-
Ex-VAT price = Rs. 33,333/-
Excise Duty = 33,333*10.3/110.3 = Rs. 3,113/-
Basic Price = Rs. 30,220/-
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