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If you want to find out what the VAT portion is of a sum, you multiply it by .85106. So if you have £117.50 (ie £100 + VAT) you multiply £117.50 x .85106 and that will bring you back to £100....
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How do you calculate vat in tally?
How do you calculate VAT in Tally 9.0 & how to put bank transcation in tally
How do you enter vat 13.5 percent in tally 7.2?
how to enter vat 13.5 % in tally 7.2
How do you add the VAT in Tally 9.0?
please help me to create 5% input vat and purchase @5% in tally 9.0
How to calculate vat liability on works contract?
How to calculate vat on works contract
How do you calculate vat liability under works contract under delhi vat?
how to calculate vat liability under works contract under delhi vat
What are the differences between tally 7.2 and tally 9?
Tally 7.2 is basically introduce with VAT , service tax , and TDS where in tally you can enhoy the benefits of FBT and excise besides it this software is multilingual software. by Vinod Dobhal.
What are the differences between tally 9 and tally 7.2?
Tally 7.2 is basically introduce with VAT , service tax , and TDS where in tally you can enhoy the benefits of FBT and excise besides it this software is multilingual software. by Vinod Dobhal.
What is the formula you need to calculate vat?
Just use a VAT calculator
What is the journal entry of vat adjustment and narration in tally 9?
Tally is a financial accounting with inventory and account only. The journal entry allows for notations, explanations and adjustments. This can be done through a narrative attached to the worksheet.
How do you calculate the vat from a final vat inclusive amount?
Divide the TOTAL by (1+the VAT rate) - this will give you the VAT exclusive price, then simply subtract that from the total price to get the VAT amount. For example...Say the retail price is 29.99 - Divide by 1.175 (current VAT rate)This gives 25.52 - subtract that from the original priceThus the VAT portion of the total price is 4.47
How do you calculate VAT?
See the related link for a guide on VAT and how to calculate it. You can also use a VAT calculator such as the one in the related links.*To calculate the price before VATUse the reciprocal of the VAT percent, found as 100/(100 + VAT)e.g. for 15%, multiply by 0.87 (100/115) and that will bring you back to the approximate pre-VAT value.
What are the differences between tally 7.2 and tally 6.3?
Tally 7.2 is an extension of Tally 6.3 . You can say the higher version of Tally. Apart from Technology up gradation Tally 7.2 had some new features and enhancements which were not present in Tally 6.3.The major technological change in Tally 7.2 was that Tally 6.3 used Hardlock for licensing but Tally 7.2 only supported softlock.The main feature was full VAT returns with forms in Tally 7.2. Although Tally 6.3 release 2 was VAT compliant but full VAT reports and VAT returns were available in Tally 7.2. State specific VAT returns were available in Tally 7.2 only.Another small feature introduced was Tally POS. This feature is now enhanced in Tally 9 the latest release of Tally.Now a days Tally 9 is the latest version which has payroll included with lots of other features.You can visit Tally's site at www.tallysolutions.com for latest upgrades and newsor Tally's blog at www.apnitally.com where you can find 100's of tutorials, Tally tips etc.
