Dear fnds,
I am working in a corporate office an accountant. I want to know the VAT calculation procedure which is implementing in India.
Pls clarify my queary..........
Thanks & regards,
Asif..........

From India, Hyderabad
Sales Invoice AMT- 100
Vat-12.5% 12.5
-----------------------------
112.5
Purchase Bill AMT- 50
Vat-12.5% 6.25
-------------------------
56.25
Vat calculation is
sales vat payable RS 12.5
Pur Input Vat - 6.25
---------------------------
Vat payable Rs 6.25

From India, Pune
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.