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hello friends pls post some good vat questions along with the answer. mind u answer, not solutions. thanks

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hey vat questions..!!don go in deep in dem...well rest i l post by 2mrw...

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Q) A manufacturer of furniture sells a sofa set to a retailer of Rs 23,000. The retailer, in turn , sells the sofa set to a customer for Rs 29,500. Find the VAT as % , if the retailer pays Rs 520 as VAT. ?

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vat is always issued on the profit made so find the profit made by the retailer take vat% as x% n solve
profit=Rs6500
x%of 6500=Rs520
(x/100)*6500=520
ans=8%

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thanks

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Q:d cost of n article is Rs 6,000 2 a distributer.if he sells it 2 a trader for Rs 7500.d trader sells it 2 a customer for Rs 8000.if vat rate is 12.5%;find d vat paid by d:
a.)distributer
b.)trader

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thanks, if u have more , pls post. thanks

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thanks

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Q1. A shopkeeper buys 15 identical articles for Rs.840 and pays sales-tax at the rate of 8%.He sells 6 of these articles at Rs.65 each and charges sales-tax at the same rate.Calculate the vat paid by the shopkeeper against the [Bad word deleted] of these 6 articles.

ANS-Rs 4.32

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Q2. A shopkeeper buys an article at a discount of 40% and pays sales-tax @ 12%.The shopkeeper, in turn, sells the article to a customer at 10% discount and charges sales-tax at the same rate.If the printed price of the article is Rs3000; find-

(a) the price paid by the shopkeeper;
(b) the price paid by the customer;
(c) the VAT paid by the shopkeeper;

ANS-(a)Rs 2016
(b)Rs 3024
(c)Rs 108

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Q3. A shopkeeper sells an article at its list price of Rs 3000 and charges sales tax at the rate of 12%. If the VAT paid by the shopkeeper is Rs72,
at what price did the shopkeeper bought the article inclusive of sales tax ?

ANS-Rs 2688

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Hey guys if u want more questions just tell me I will post them.
I hav got loads of them.

BEST OF LUCK

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hey frndz here is another question:-

Q 5. [VAT] A manufacturer produces a good which cost him
Rs.500. He sells it to a wholesaler at a price of Rs.500 and wholesaler
sells it to retailer at a price of Rs.600. The retailer sells it to the
customer at a price of Rs.800. If the sales tax charged is 5%.
Find the
tax charged under VAT by :
(i) manufacturer,
(ii) wholesaler and
(iii)
retailer.
(4) Find the tax paid by the customer.

ANS-(1) Rs 25
(2) Rs 5
(3) Rs 10
(4) Rs 40