Interested to Buy Any Domain ? << Click Here >> for more details...
i want basic formula to find vat 4% from the total bill
- 6 Answers
- 19649 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / suresh kumar
Total Bill Amount =5202/-
At first we have to find out the Bill amount excluding Tax.
ie. (5202/104.04)x100 = 5000/-
Vat = 5000x4% = 200/-
Cess = 200x1% = 2/-
------
Total Bill Amount = 5202/-
=====
| Is This Answer Correct ? | 27 Yes | 8 No |
Answer / mithunsharma28
now see
the bill is rs 10000/-
thats the viberficaion of rs 10000 is divided by 1.04
thats value is 9615.38
value is 9615.38
vat @4% is 384.62
total is 10000/-
| Is This Answer Correct ? | 11 Yes | 6 No |
MATERIAL BASIC VALUE IS 10000
THEN YOU CALCULATE DUTY-10% ED CESS-1%,SH CESS-1% AND VAT-4%
IF MATERIAL IS EXCISABLE MATERIAL VAT CALCULATION IS HERE UNDER
MATERIAL BASIC VALUE=10000
DUTY
10000*10%=1000
CESS
1000*2%=20
1000*1%=10
TOTAL VALUE OF MATERIAL=11030
THEN AFTER YOU CALUCULATE VAT LIKE HERE UNDER
VAT-11030*4%=441
IF THE MATERIAL IS NON-EXCISABLE THE VAT CALCULATION IS HERE
UNDER.
BASIC VALUE-10000
VAT-10000*4%=400
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / madhuri
To know the tax amount from total bill amount
Formula is = BillAmount*Rate of vattax/100+Rate of vattax.
example= Bill Amount is 10400
& Rate of Tax is 4%
10400*4/100+4 = 400 is Vat Tax
400- 10400 = 10000 is assessable value
| Is This Answer Correct ? | 8 Yes | 5 No |
Answer / sharyanch
Bill Amount = Rs.1000
VAT 4% = Rs. 40
VAT 4% = 1000 x 4 / 100
Total Value = Rs.1040 including VAT.
| Is This Answer Correct ? | 11 Yes | 8 No |
Answer / naveenraju50@gmail.com
ALLWAYS TAX WILL BE CALCULATED ON ASSESSABLE VALUE
| Is This Answer Correct ? | 5 Yes | 3 No |
Kindly, tell me abount the WCT of U.P. material & labour supply for installment of lift in premises at Noida (U.P.), our lift supplier giving the bill in 90% material & 10% Labour & charged the up vat of 12.5% , Can we liable for WCT deductor ?
HOW TO FILE RETURN- SALARIED PERSON GETTING SALARY 6 MONTH FROM ONE & 6 MONTH ANOTHER COMPANY
0 Answers First National Bank,
What is the mode of payment of Entry Tax?
Define the term "Manufacturer"as introduced in finance act2010.
Rules of Income Tax related to Advance Tax?
how to bifurcate service tax & swachh bharat tax from total tax amount. i.e. If Tax Amount is Rs.28.50/- then Service Tax = ? & Swachh Bharat Tax = ?
Start a service related company?
Pls advise if a client pays us - Rs. 3,43,00 after deducting 2% TDS 7000 on 3,50,000/- and our Invoice is Rs. 3,30,000/- then how we pas entry of the difference amount Rs. 20,000/-
send me all current year taxation such that rates and exemptions or on which web site i have to prefer
WHAT IS THE DIFFERED ASSET , WHAT IS THE PROVISION OF IT GIVT ME THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com
At what rate firms are required to pay tax on their income?
what is the different between CST , VAT, and Excise Duty ?
Audit 
