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/-
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reporting Income under Section 44ADA
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
