selling price / 0.15
VAT is charged on clothes to raise taxes.
consumers of FII
To calculate VAT input and output, first identify the VAT you paid on purchases (input VAT) and the VAT you charged on sales (output VAT). Input VAT is the tax included in the cost of goods or services acquired for business use, while output VAT is the tax collected from customers on sales. To determine the VAT you owe to the tax authorities, subtract the total input VAT from the total output VAT. If the output VAT exceeds the input VAT, you pay the difference; if the input VAT exceeds the output VAT, you may be eligible for a VAT refund.
In the UK VAT is charged on paint.
How to calculate vat on works contract
yes we are charged vat on most things in this country, of course stamps are one of them.
how to calculate vat liability under works contract under delhi vat
Yes, VAT is charged on almost everything in South Africa. In addition, airport tax is added onto the ticket prices. VAT is charged at 14% of the base cost.
How do you calculate VAT in Tally 9.0 & how to put bank transcation in tally
The VAT may be charged on the Annual Maintenance Contracts. VAT goes under the Comprehensive section of the contract and will be an agreed upon percentage.
VAT that is charged by a business and paid by its customers is known as "output VAT" (that is, VAT on its output supplies). VAT that is paid by a business to other businesses on the supplies that it receives is known as "input VAT
Input VAT is the tax imposed on purchase whereas Output VAT is the tax charged on selling items