Item Value= x
excise = x*12.5%
Taxable Value = x+excise
VAT = Taxable Value*12.5%
Surcharge = VAT*5%
Total Value = Taxable Value + VAT + Surcharge
If the total Value is = 12726.5625
Then find then Value of X
Menu
Caclulate basic value of a excise invoice
Replies (4)
Value of X = 10000
x=10000 is the right answer but can anyone solve the equation and arrive at this 10000 please
12726.5625 = (X+0.125X)+0.125(X+0.125X)+0.05(0.125*(X+0.125X))
12726.5625=1.125X+0.140625X+0.00703125X
12726.5625=1.27265625X
X=10000
lets assume taxable x
[x*112.5%*(112.5+12.5*5%)]=12726.5625*100
112.5%*113.125%*X=12,72,656.25
X=10,000 i.e. Taxable value=10,000
Recent Topics :
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
- Is SAP FICO a good career option for finance and a
Related Topics :
CAclubindia
