EASYOFFICE
EASYOFFICE

How to allocate vat amount

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(Querist)
24 December 2015 dear every one
me have both vat amount i.e.12.5% 45rs and 5% 118 and gross amount is 14473 is how to calclute gross amount (exclude vat amt for 5% and 12.5%)
can you help me as far as possible
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
24 December 2015 Vat 5% Value 2360 Tax 118/-
VAT12.5% Value 360 Tax 45/-
11590-exempted Goods or Other Chgs
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HITESH

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HITESH (Querist)
24 December 2015 please give a how to calculate the method also or working provide me as far as possible
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
24 December 2015 Multiply Vat with 100 and divide Vat Percentage 118*100/12.5 you get Net Amount
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HITESH

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HITESH (Querist)
24 December 2015 IT IS NOT MATCH WITH ARE YOU PROVIDED ANASWER
PLEASE GIVE ME ACCURATE ANSWER WITH WORKING
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HITESH

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HITESH (Querist)
24 December 2015 THANK YOU A LOT FIR SHARING KNOWALEDGE AND TIME SPEND FOR ME
ONCE AGAIN THANK YOU
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
24 December 2015 118*100/5 you get 2360
45*100/12.5 you get 360
If you calculate 2360 @5% you get 118.00
Same way 360@12.5% you get 45.00

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