on 03-17-2008 1:03 PM
Hi gurus,
I want to calculate pricing based on following scenario.
Discount should be on total of basic price and excise.
Then for that discounted total, sales tax should be calculated.
Ex:
Basic price = 1000
Excise (14%) = 140
Edu cess (3%) = 4.20
Total = 1144.20
Discount (5% on 1144.20) = 57.21
Total (1144.20 - 57.21) = 1086
CST 3% (on 1086) = 32.60
Grand total (1086 + 32.60) = 1119.09
In tax code excise , education cess and CST is maintained.
Discount should be calculated automatically on excise and education cess.
Likewise sales tax should be automatically calculated on discounted total.
So how to maintain it in pricing procedure.
Kindly help
Regards,
Vimal
hi,
Basic price = 1000
Excise (14%) = 140
Edu cess (3%) = 4.20
Total = 1144.20
Discount (5% on 1144.20) = 57.21
Total (1144.20 - 57.21) = 1086
CST 3% (on 1086) = 32.60
Grand total (1086 + 32.60) = 1119.09
Just follow the following:
Step Condition type from to
10 Basic price 0 0
20 Excise 10 10
30 E Cess 10 10-----should be entered in PO
40 Total 10 30
50 Discount % 40 40 -
should be entered in PO
60 Total 40 50
70 CST % 60 60 -
should be entered in PO
80 Grand Total 60 70
Thanks & Regards,
reward if helpul
Kiran
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Hi,
The actual procedure is to have these condition types like excise duty,cess... i mean all the duties should be entered in FV11 with the key combination.
The other condition tyoes like discounts, frieghts can be entered manually while creating PO or it can be placed in the inforecord. as it is a combination of material and vendor combination while creating a PO for this combinations, the system will pick these values from the inforecord and puts it in the PO.
Thanks & regards,
Kiran
hi
As per govt norms, There is no Discount in Excise duty
Regards
Kavi
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HI
FOR MY knowladge u didnt get any discount on excise duty which is payable to govt.before excise cal u have to give disc
regards
srinivas kona
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