Dear Sir
Can any one please let me know how to reverse calculate Vat/Cst & excise duty on Basic . for ex. if my total invoice value is rs. 1,00,000/- . how will i calculate excise duty & Vat/Cst .
Kindly Help Me Out
Regards
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Reverse calculation of vat including e.d
Replies (1)
If total value is tax included
then
(100000/1+rate)*rate
for ex. rate is 10% and 100000 is tax included amount
than tax is 100000/110*10 = 9090
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