Interested to Buy Any Domain ? << Click Here >> for more details...
If Sales is Rs 1000 (Inclusive of Vat), Vat Rate - 20%, What
is Vat Payable?
- 6 Answers
- 11269 Views
- I also Faced
- E-Mail Answers
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 |
Post New Answer View All Answers
As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?
What is mean by Asset area?
i wana give an interview as sr. excise officer what r the question will asked by interviewer ??? Please suggest me so I can clear inteview.thank u
what is mean by sample account and data transfer rule in SAP FI?
In which term & condition excise invoice raises & for what excise invoice raise?
Why Is The Distinction Between Product Costs And Period Costs Important?
In South Africa, the value added tax is administered by?
What is the difference between Accruals and Provisions?
Why an Expenditure is called Differed?
Spinoff,Spelloff
Tell us what is a cpa?
Types of errors in account
How do I record a prior year property tax refund on sale of asset due to overvaluation
How the Entry passed for Loss of Payment
How will service tax & excise be charged?
