Hii to all,
can any one clear me with either the vat is add after adding the profit margin or first profit margin is added on purchase price and then vat is applied
Menu
Mvat and profit margin
Replies (1)
Vat will be applied on your selling price. explained as below
Cost 100+5 Vat=105
Sale 200+10 Vat = 210
Net Vat Payable by you to government = 10 -5 =5
Rs 10 Vat = 200 *5%
Recent Topics :
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
- NPO registered under sec 8 itr filing
- Form 144 (Earlier 27Q) – Reason Code (A/C/G/
Related Topics :
CAclubindia
