Easy Office
LCI Learning

Vat to be levied on total price or net price

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 August 2011 One of my client who is in pharma purchases RM from vendor.The vendor levies VAT @ 5% on total price(including excise duty).Whether VAT is to be charged on total price or net price(excluding excise duty)
Profile Image

Preety Parik

Profile Image

Preety Parik (Expert)
22 August 2011 VAT is charged on Gross Price i.e (Basic Price + Excise duty)

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links