VAT Calculation

asifanaccountant

Dear fnds,
I am working in a corporate office an accountant. I want to know the VAT calculation procedure which is implementing in India.
Pls clarify my queary..........
Thanks & regards,
Asif..........
9th July 2009 From India, Hyderabad

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pawar.manohar

Sales Invoice AMT- 100
Vat-12.5% 12.5
-----------------------------
112.5
Purchase Bill AMT- 50
Vat-12.5% 6.25
-------------------------
56.25
Vat calculation is
sales vat payable RS 12.5
Pur Input Vat - 6.25
---------------------------
Vat payable Rs 6.25
8th August 2009 From India, Pune

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