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Partly Exempted Formula

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Partly Exempted refers to a situation where a business makes both taxable and exempt supplies. Check FAQs

PYE = (\frac{EDT}{TLT}) \cdot CC

PYE - Partly Exempted?EDT - Exempted Turnover?TLT - Total Turnover?CC - Common Credit?

Partly Exempted Example

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Here is how the Partly Exempted equation looks like with Values.

Here is how the Partly Exempted equation looks like with Units.

Here is how the Partly Exempted equation looks like.

15380 = (\frac{1000}{500}) \cdot 7690

15380 = (\frac{1000}{500}) \cdot 7690

15380 = (\frac{1000}{500}) \cdot 7690

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Partly Exempted Solution

Follow our step by step solution on how to calculate Partly Exempted?

FIRST Step Consider the formula

PYE = (\frac{EDT}{TLT}) \cdot CC

Next Step Substitute values of Variables

∴

PYE = (\frac{1000}{500}) \cdot 7690

Next Step Prepare to Evaluate

∴

PYE = (\frac{1000}{500}) \cdot 7690

LAST Step Evaluate

∴

PYE = 15380

Partly Exempted Formula Elements

Variables

Partly Exempted

Partly Exempted refers to a situation where a business makes both taxable and exempt supplies.

Symbol: PYE

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Partly Exempted

Exempted Turnover

Exempted Turnover refers to the total value of supplies made by registered taxpayers that are classified as exempt supplies under GST regulations.

Symbol: EDT

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Exempted Turnover

Total Turnover

Total Turnover refers to the aggregate value of all supplies made by a registered taxpayer within a specified period.

Symbol: TLT

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Turnover

Common Credit

Common Credit refers to the input tax credit that is available to a taxpayer for goods or services that are used for both taxable and exempt supplies.

Symbol: CC

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Common Credit

Other formulas in Tax category

Go Tax Equivalent Yield

TEQY = \frac{TFY}{1 - TR}

Go Sales Tax Amount

STA = P \cdot (\frac{ST}{100})

Go Total Sales Tax

TST = P + STA

Go Effective Tax Rate

ETR = \frac{TEE}{EBT}

How to Evaluate Partly Exempted?

Partly Exempted evaluator uses Partly Exempted = (Exempted Turnover/Total Turnover)*Common Credit to evaluate the Partly Exempted, Partly Exempted means that the activities of the business include transactions that are subject to GST (taxable supplies) as well as transactions that are not subject to GST (exempt supplies). Partly Exempted is denoted by PYE symbol.

How to evaluate Partly Exempted using this online evaluator? To use this online evaluator for Partly Exempted, enter Exempted Turnover (EDT), Total Turnover (TLT) & Common Credit (CC) and hit the calculate button.

FAQs on Partly Exempted

What is the formula to find Partly Exempted?

The formula of Partly Exempted is expressed as Partly Exempted = (Exempted Turnover/Total Turnover)*Common Credit. Here is an example- 15380 = (1000/500)*7690.

How to calculate Partly Exempted?

With Exempted Turnover (EDT), Total Turnover (TLT) & Common Credit (CC) we can find Partly Exempted using the formula - Partly Exempted = (Exempted Turnover/Total Turnover)*Common Credit.

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Partly Exempted Formula

Partly Exempted Example

Partly Exempted Solution

Partly Exempted Formula Elements

Other formulas in Tax category

How to Evaluate Partly Exempted?

FAQs on Partly Exempted

Variable Name