the cost of a computer set is Rs 24000 to a dealer and pays 4% tax . he sells it to a customer for Rs 42500 and charges 10% tax. find the VAT paid by the customer.
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VAT paid by customer is the tax charged on the selling price, i.e. 10% of ₹42500 which is ₹4250.
If it's asked, the VAT paid by dealer, then it's a different story.
If it's asked, the VAT paid by dealer, then it's a different story.
gautam74:
and tax paid by the dealer.
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