Tax codes

[Former Member]

I want to create three service tax codes through FTXP where:

1) VAT will be 5% on total contract value (labourmaterial) and service tax will be 12.36% only on the total contract value (labourmaterial)

2). VAT will be 5% on material cost and service tax will be 12.36% only on the labour cost.

3) VAT will be 5% on total contract value (labour+material) and service tax will be 12.36% only on the labour cost

what are the tax percentage to be kept in each case for each condition types for above three scenarios?

Regards,

indranil

[Former Member]

You need 3 different Tax Procedure, rather then tax code.

[former_member182489]

also tax procure is only one and is assigned to country

[former_member182489]

vat is calculated on (condition value + duties) .now plzz check ur quries .

the business scenario u mentioned may occur , if so u can maintain it in the pricing procedure .

maintain 3 gross amt cdn type at pricng schema .

proo=mat cost, pro1= mat cost + labour, pro2= mat cost+contract.

now the tax calculation will be the same .

just try it out and rewd

Edited by: manu m on Sep 1, 2008 1:46 PM

[JL23]

to me this looks like you need 3 different pricing schemas rather than just tax codes.

[Former Member]

But this is a tax structure in accordance to Maharashtra State,India.

So we need tax codes and nothing to do with pricing schemas.

regards,

indranil