There is no such term as gross of VAT. The amount with VAT is called the gross amount while the net of VAT is the amount after the VAT has been deducted.
vat exclusive
Customs duty is levied at the time of importation of goods in a country. Import VAT is levied on goods after Custom clearance and hence VAT will be calculated on the value which already includes the customs duties paid by the importer. Besides, in most countries VAT and Customs are two different authorities with their own rules and regulations. Thus, VAT will be paid in addition to the customs duties of the goods, and it is not possible to offset one against other. We at Accountantsbox, support clients in assessing the impact of VAT on their business and comply with VAT law.
Assuming that we are a registered VAT vendor, when we make a purchase from a non-VAT vendor we cannot claim any VAT input from the purchase due to the fact that no VAT was charged on the supply by the supplier who is a non-VAT vendor.
The difference between vat exclusive and vat inclusive is that vat exclusive is the price before tax is added on. Vat inclusive is the price after tax has been added on.
first april 2005
when was vat started in karnataka
Greece, was the first country were containment was implemented
Senator Honasan II, Gregorio B.
No
VAT is the value added tax some country's apply to goods and services,
yes we are charged vat on most things in this country, of course stamps are one of them.
It depends on the legislation of the country. Some countries call VAT other things, sales tax for instance.
Mallorca is an autonomous province of Spain; Spain is inside European Union.Countries of EU are exmpt of VAT.
Varies with country-some have no luxury tax on imports
Not unless you can program a key with the VAT rate, since the tax rate varies from one country to another and calculator makers prefer to make a model that will sell across the world rather than in only one country.
The types of VAT........ 1 ) INPUT VAT @ 4 % 2 ) INPUT VAT @ 1 % 3 ) INPUT VAT @ 12.5 % 4 ) OUTPUT VAT @ 1 % 5 ) OUTPUT VAT @ 4 % 6 ) OUTPUT VAT @ 12.5 %