How To Calculate Excise Duty And Vat On excise and rate of excise duty with example
How To Calculate Excise Duty And Vat On excise and rate of excise duty with example
AV 100
Excise ( @ 12.36% of 100) 12.36
VAT ( @ 5% on 112.36%) 5.62
Total 118 (Rounded off)
Assumed Rate of Excise 12% and of VAT @ 5%
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