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)
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Answer Posted / 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 |
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