dear friends
I m new to mvat calculations thus i require help regarding the calculations.
Is mvat calculated on purcahses excluding excise duty or on purchases including excise duty.
pls help
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vat calculation
Replies (4)
It is calculated on Purchases including Excise Duty.
it is calculated on purchases includind excise duty including cess also.
| Originally posted by :nishikant jaiswal | ||
| " | it is calculated on purchases includind excise duty including cess also. | " |
Correct
In Purchase entry you have to be add Excise Duty , Edu.Cess
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