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Former Member

Tax codes

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

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3 Answers

  • Sep 01, 2008 at 11:13 AM

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

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    • 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

  • Sep 01, 2008 at 11:25 AM

    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

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    Former Member
    Sep 01, 2008 at 11:42 AM

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

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