12.36% s.tax on 70% amount & 12.5% vat on 40%
This query is : Resolved
09 March 2015
We have AMC for air conditions & vendor has applied 12.36% S.Tax on 70% amount & 12.5% VAT on 40% amount so he is applying tax on 110% of Basic amount is it correct or the ratio should be 70-30
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