Round off

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 March 2016 Which Method is Correct for vat(Say 12.5%)

1)Goods amount 90
Vat@12.5% 11.25
Round Off -0.25

Net Payable 101

OR

2)Which Method is Correct for vat(Say 12.5%)

Goods amount 90
Vat@12.5% 11 (actual 11.25 but round off to 11)

Net Payable 101

CA ANKIT GUPTA

CA ANKIT GUPTA (Expert)
Follow

12 April 2016 Both are correct.

For DVAT Registration-Filing-Consultancy

Feel free to reach us at www.emunshe.com
Ankit Gupta
Founder Member
(Call/Whatsapp) - 9811985576
(Email) - ankit@emunshe.com