Vat & excise duty

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Querist : Anonymous

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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.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
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/-
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