Dear Sir
Can any one please let me know how to reverse calculate Vat/Cst & excise duty on Basic . for ex. if my total invoice value is rs. 1,00,000/- . how will i calculate excise duty & Vat/Cst .
Kindly Help Me Out
Regards
1 Replies
CA SANDESH MAHIPAL
(Practicing in GST and MSME )
(1985 Points)
Replied 08 December 2011
If total value is tax included
then
(100000/1+rate)*rate
for ex. rate is 10% and 100000 is tax included amount
than tax is 100000/110*10 = 9090
Recent Topics
- Course validity query
- Change in Rule 19(1) under GST
- Change in Rule 87(4) under GST
- What is Rule 16A under GST?
- Any notification or circular for implementation of
- "Form 26QB Filed with 1% TDS for Invalid PAN
- What will be the qualification of mentors in a IAS
- Professional Tax Karnatak
- Issue related to itr u
- TDS rate on deposits
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
