Skip to Content
0
Former Member
Oct 10, 2006 at 11:51 AM

Smartforms's Service Tax incorrect

26 Views

Dear All,

We have a Smartform, its a invoice.

It has got 37 items, Base Total (=555,000.00) is correct, but Service Tax @ 12% is wrong which is dependent on Base Total. BUT again the "TOTAL VALUE(=622,932.00) = Base Total + Tax @ 12% + Education cess @ 2% of (Tax @ 12%)" is CORRECT. (Also we have EDUCATION CESS Tax @ 2% on the Tax @ 12%. So the Service tax @ 12% & Education Cess Tax @ 2% are worng. If Tax @ 12% will get corrected, then the Education Cess tax will automatically get corrected).

Unable to Understand what to do??? I hope there is no Probs with the Smartform as it is already used for many other invoices. Its a URGENT. PLzz guide me to what to do??

Regards.

Farooq