Excluding TDS & VAT or net payment,
Suppose, ABCD Co Ltd. has a contract with vendor to pay BDT 100 (net) and if any TDS and VDS is applicable that ABCD will need to bear extra over and above 100. Considering 15% VDS and 10% TDS is applicable in this transaction. How value of VDS and TDS will be calculated?
Answer: If net payment = BDT 100.00 Then it is 90% of the base value or Income as TDS rate is 10% Base value would be = 100*100/90 = BDT 111.11
Therefore, TDS amount of BDT (111.11-100) = BDT 11.11
And VAT amount would be 15% on BDT = BDT 111.11, VAT=111.11*15%=BDT 16.67
As per new VAT Act 2012, Price should be inclusive of VAT amount
কোন মন্তব্য নেই:
একটি মন্তব্য পোস্ট করুন