Skip to Content
0
Former Member
May 07, 2008 at 06:18 AM

Tax Calculation

40 Views

Hi

Will doing Customer Invoice when I enter output tax as 4 %. So it has to calculate on the Invoice amount which I have entered. i.e Ivoice amount is 5000 then vat should be 200 on 5000. But showing

Customer A/C Dr 5000

To Sales Mis Ites Cr 4807.69

To VAT 4 Cr 192.31

Can Some on help me to how its calculating or guide me to correct it.

Points will awarded.

REgards,

Arvind

Edited by: Arvind K on May 7, 2008 8:57 AM