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I Think there is some caculation mistake
by Vishal Gupta on May 11, 2005 12:03 PM   Permalink

In Example B i think Basic selling price should be Rs. 12120/- on which there will be VAT of 12.5% so that is = Rs 1515/- thus net selling price will be Rs. 13635/- only then there will be a differenc eof Rs . 1600+ in Example A & That in B

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How VAT works