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Vat invoice vs retail invoice

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 September 2013 do not shown vat in retail invoice ?
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RENGARAJ R.K

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RENGARAJ R.K (Expert)
24 September 2013 The query needs more clarity.

For retail invoice it is always inclusive of tax. You have to work out the tax collction by reverse working,like this.

100X5/105 or 14.5%

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