Just use a VAT calculator
8f+z7*=u09. x5tx
Multiply the VAT figure by 5 ie: VAT amount £20 x 5 gives you a net figure of £100.00.
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
difference vat tax in purchase and selling
Divide by 1.whatever the rate is. ie If vat is 17.5% you would divide the gross by 1.175 to get the net figure, the vat is the difference between the two.
If the 100 is in cell A3 and the VAT rate is 15%, then in cell B3 you would have the following formula: =A3*15% However it is better to put the VAT rate into a cell by itself, like perhaps in cell B2. Then the formula would be as follows, with the dollar symbols enabling the formula to be copied while keep using the 15%. =A3*$B$2 Then in C3 you would have the following formula to get the total: =A3+B3
How to calculate vat on works contract
how to calculate vat liability under works contract under delhi vat
How do you calculate VAT in Tally 9.0 & how to put bank transcation in tally
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.
If the 545 is inclusive of VAT then the VAT element is 71.08, however if the 545 is exclusive of VAT then the VAT would be 81.75
a formula
If the VAT rate is V% then the cost price with VAT is = Cost Price*(1 + v/100)
8f+z7*=u09. x5tx
bhad mein jaa
selling price / 0.15
The total times 0.2