How do we calculate VAT & NBT on invoice?

asked Jul 8, 2015 in NBT by anonymous

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answered Jul 8, 2015 by Vish (4.8k points)

It has to be sales value + NBT + VAT. VAT is calculated on the total of sales value + nbt.
However charging NBT from customers is not compulsory. NBT can also be calculated as 2% or as 2/98.

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How do we calculate VAT & NBT on invoice?

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