VAT calculation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 February 2011
Original Sales Price XXX
Add:- Excise & etc XXX
Add:- Other charges XXX
(eg. installation
Charges)
Total (A) XXX
Less:- Cash discount (XXX)
Less:- Transport (XXX)
charges
Balance (B) XXX
Question
1)Should VAT be calculated on figure B
2) Should we charge VAT on other charges like installtion also.
Add:- Excise & etc XXX
Add:- Other charges XXX
(eg. installation
Charges)
Total (A) XXX
Less:- Cash discount (XXX)
Less:- Transport (XXX)
charges
Balance (B) XXX
Question
1)Should VAT be calculated on figure B
2) Should we charge VAT on other charges like installtion also.
21 February 2011
VAT will be charged on total invoice price.Installation is a contract / service vat not applicable ......
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