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