Interested to Buy Any Domain ? << Click Here >> for more details...
if vat include in purchase how to create entry in tally 9.0
for example: A item price rs. 100 include vat 13%, In tally
any function we put item price 100 then vat 13% automatic
reduce from price ( item price rs 87 & VAT rs 13)
- 2 Answers
- 11203 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / dev dutt
item total price is 100 inclusive of vat 13%
goods price would be = 100x100/113
= 88.49
Ist method : vat amt would be = 100x13/113
= 11.50
IInd method: 100- 88.49 = 11.50
total amount would be = 88.49+11.50 =100rs
LETS CLEAR IT: IF WE ADD 13% ON 88.49RS WE WILL GET 100RS
METHOD 1) 88.49X13% = 11.50
88.49+11.50= 100RS
METHOD 2) 88.49X113%= 100RS
| Is This Answer Correct ? | 20 Yes | 9 No |
What are the Interest Rate on Entry tax in UP ??
What are the various forms used for VAT?
I am about to enroll for Oracle Apps Financial with Iapps in pune, (without the certification of Oracle, as it is very expensive). Looking for a suggestion on the same, Also, how far is this course wld be beneficial to a candidate of commerce background (BBA graduate and an MBA in Finance) Also, the opportunities lying ahead int his field. Thanks.
is it necessary to use form38 in UP for purchase of goods from outside UP @5%CST Tax
housing loan principal upto 1 lac is exempted from tax is it diffrent from exemption u/s 80c
on earth moving road work which type of tax is applicable?
what is service tax charged in india
How do I get a C form with the bank Guarantee?
Difference between provision & reserve with an example?
3 Answers IHG InterContinental Hotels Group, Mount Kenya University, OPI Global,
What is form c & d in sales tax?
what is cst and what is rate of cst in 2010
Please describe wht is role of a excise officer at time of export despatch wht type of documents use
Audit 
