How to calulate missing amount if VAT & service Tax both including? How should I do Reverse calculation if one item on which service tax chareged @ 12.36% & then on sub total (Item rate + Service tax) % VAT is charged. E.g. item base price is 417, ST on it is 52 & VAT is 23 = Total billing amount is 492. Suppose if I want to made this bill for Rs.450 Then how should I do reverse calculation? i.e How should I arrive at Item's base value? I am using Tally software.
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How should i do reverse calculation when st & vat
Replies (2)
hi
you can calculate service tax as for 492 st is Rs 52 then what for Rs 450 ( 450*52/492)= 47.77. and same for vat amount ( 450*23/492) = 21.
| Originally posted by : IMAM | ||
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hi you can calculate service tax as for 492 st is Rs 52 then what for Rs 450 ( 450*52/492)= 47.77. and same for vat amount ( 450*23/492) = 21. |
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Hi,
How should I reverse calculate when I know only final billing amount say Rs.450? What should be the ST & VAT when final billing amt is Rs.450?
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