Know the rate calculate

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 January 2017 hi suppose the total price of bill was 3600 then how much vat is included in this ?
rate of vat is 12.5%

Sandeep Dharar

Sandeep Dharar (Expert)
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31 January 2017 U must know the process of back calculation for that, after that u can compute it by urself. U know that the amount 3600/- is inclusive of VAT which is 12.5%. So u must know(suppose) that the actual value is 100%. so the total amount (3600/-) is 112.5%. So the computation is 3600/112.5*100 = 3200/- and VAT amount is 400/-