29 April 2014
Hi Experts, If we have to sell a product of MRP Rs 1900 @ discount of 10% and VAT of 14.5%. Pls suggest what will the break-up look like. Will it be same as cUSTOMER TO BE CHARGED 1900-(1900*.1)= 1710
Tax (vat) --1900-(1900/1.145)=240
Unit Price= 1710-240==1470
Pls suggest if VAT will be reverse calculated on MRP or (MRP-Discount) value. Will be greatful if break-up for this calculation could be shared.
CAclubindia
