its 780 in Goa and 1200 in Pune,1150 in Bangalore
There is only one type of VAT in India. VAT stands for Value Added Tax. There are however, different rates of VAT on different types of products.
when was vat started in karnataka
Vat 69
L.K.Jha committee introduce VAT in India.
The price of GBA in India is Rs.3999.5
In kolkata, the price of VAT 69 whisky for 750ml is 900 to 1000 Rs.
vat inclusive- Gross price (price after adding tax)vat exclusive-net price (price before adding tax)
If the VAT rate is V% then the cost price with VAT is = Cost Price*(1 + v/100)
VAT is now at 20%, so take the price and multiply by 1.2 to give price with VAT.
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.
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
There is only one type of VAT in India. VAT stands for Value Added Tax. There are however, different rates of VAT on different types of products.
when was vat started in karnataka
vat 69
2015
For when the VAT rate was 17.5%, to get the amount before VAT you needed to divide by 1.175 Now the UK VAT rate is 20%, you need to divide by 1.2 Example: If the price before VAT was £100, and VAT is 20%, then the price after VAT is £120. So to work it out backwards: If you know the price after VAT is £120 and you want to know the price before VAT: £120 divided by 1.2 = £100 Hope that helps.
Value Added Tax Included (in the overall price) Most businesses are exempt from VAT so sometimes the price is given Excluding VAT. VAT is currently 15%