In view of notification dated 20-6-2011, calculation of amount for Challan-2, 2A and 2B is as follows :-
Suppose sale is Rs. 1 lakh
Tax @ 5% = 5000
Total Tax is Rs. 5500
Suppose a client comes to you and tell you that his total Tax + Surcharge is = Rs. 5500, then you can calculate VAT and Surcharge as follows :-
5500 x 10/11 = 5000 – VAT
5500/11 = 500 – Surcharge
Now you have to pay Rs. 5500 in which is 5000 is VAT and 500 is Surcharge. This can be paid as follows :-
On Challan-2 = Rs. 4900 (you can deposit in cash or through cheque/draft in favour of Assistant Excise and Taxation Commissioner)
On Challan 2A = Rs. 500 (you can deposit in cash or through cheque/draft in favour of Punjab Municipal Fund)
On Challan 2B = Rs. 100 (you can deposit in cash or through cheque/draft in favour of Punjab Municipal Infrastructure Development Fund)
These figures represent percentage wise as follows :-
On Challan 2 = 98% of VAT (excluding surcharge) (i.e. Rs. 4900)
On Challan 2A = 10% of VAT (excluding surcharge) (i.e. Rs. 500)
On Challan 2B = 2% of VAT (excluding surcharge) (i.e. Rs. 100)
[Note : Practically the above solution is the only solution. Although if we go by the exact wording of the law, - tax, Municipal Fund and Municipal Infrastructure Development Fund cannot be calculated properly.]
See here relevant notification on form VAT 2B
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