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If Sales is Rs 1000 (Inclusive of Vat), Vat Rate - 20%, What
is Vat Payable?

Answer Posted / molabanti

sales is 1000 inclusive of vat means its = to 120%

now 120%----1000
20%----- ?

20*1000=20000/120=166.67

vat 166.67
sales 833.33 (excluding vat)

total 1000 including vat

Is This Answer Correct ?    10 Yes 0 No



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