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30 Mar 2018

The amount of VAT

vat is a new method of realising tax on the sale/ purchase of  goods.








A manufacturing company sold a commodity to 


its distributor for Rs. 22, 000 including VAT. 


The distributor sold the commodity to a retailer 

for Rs. 22, 000 (excluding tax) and the retailer sold it to the consumer for Rs. 25, 000 plus tax under VAT. 



If the rate of tax at each stage is 10%, 

what was the:


i) Sale price of the commodity 

for the manufacturer?



ii) The amount of VAT paid by the retailer? 

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