Answer / raghu.v

Value added Tax .it is indirect tax collected by State Govt..VAT is levied on goods at the time trading.VAT rate depends on goods.

Answer / dattaram laxman chavan

the goods which is include the tax i e VAT (value added tax)
percentage of tax is depend on the category of the products which is fixed by the department of the sales tax

Answer / sujal koirala

VAT is value added tax. It is according to the rule of the government or specific organization.

Answer / sukanya

vat percentage is 5.5% and 14.5%

How can i do the entry of of service tax in tally.

0 Answers  

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Mr.Jadhike owns a fleet of taxis adn the following information are available from the records maintained b him: 1.Number of taxis 10 2.salary of manager 600pm 3.cost of each taxi 20000 4.salary of cleaner 500pm 5.salary of mechanic 400 pm 6.garage rent 600pm 7.insurance premium 5%pa 8.annual tax 600 per taxi 9.driver salary 200 pm per taxi annual repair 1000 per taxi total life of a taxi is about 200000 kms. a taxi runs in all 3000kms in a month of which 30% it runs empty. Petrol consumption in one litre for 10kms@1.80 per litre. Oil and other are rs 5 per 100 kms calculate the cost of running a taxi per km 5

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