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Former Member
Aug 14, 2008 at 06:21 AM

Tax Structure

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My client uses the following Tax structure

Non Exempted Projects

(Custom Duty@10% on (Assessable value) + BED@14% on (Assessable Value + Custom Duty) + BED EDU . Cess@2% on (BED) + BED EDU.CESS (S/H)@1% on (BED) + Custom Duty Edu. Cess@2% on (Custom duty + BED + BED EDU.CESS + BED EDU.CESS (S/H)) + Custom Duty Edu. Cess (S/H)@1% on (Custom duty + BED + BED EDU.CESS + BED EDU.CESS (S/H) + Additional Duty of Customs @4% on (Assessable Value+Custom duty + BED + BED EDU.CESS + BED EDU.CESS (S/H) + Custom Duty Edu. Cess + Custom Duty Edu. Cess (S/H)).

Note: For Capital Goods & Resin the custom duty would be 7.5 % instead of 10 %.

Is it possible to maintain this in SAP B1?

Do I have need to create parameters? and formulas for this?

Regards

Shashi