Deemed vat

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CA
930 Points Posted on 20 April 2012

How to avail deemed VAT.

Is it gross total*rate/100 OR

Is it gross total*rate/100+rate.

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On 20 April 2012 at 12:24 Report
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Self Employed
145 Points Posted on 21 April 2012

To deemed VAT formula

Total * vat rate/100

=1000 * 4 /100

=40

1 Reply
On 21 April 2012 at 20:54

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