CHOOSE THE CORRECT OPTION:- 2) VAT is always calculated on what of the following a)s.p. b)c.p. c)Markad price d)none of these
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Answer:
s.p is vat is always calculated kon wagh of the following
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Answer: a) Sale price (SP)
Step-by-step explanation:
It's important to understand that the VAT percentage is always based on the actual sales value of the product or service - before adding VAT. So for example, if the VAT rate is 14%, that's 14/100 of the actual sales figure.
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