How to avail deemed VAT.
Is it gross total*rate/100 OR
Is it gross total*rate/100+rate.
PREM CHAND ROHANDYA
(Self Employed)
(145 Points)
Replied 21 April 2012
To deemed VAT formula
Total * vat rate/100
=1000 * 4 /100
=40
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)