on 10-31-2008 7:11 AM
Hi All,
I have to calculate VAT on discounted amount. eg. In A/P Invoice i have 'X' amount in total before discount .Now i am giving 2000
discount on 'X' amount .Now i have to calculate vat on discounted amount.How can i solve this ?
My Formula is
"VAT_BaseAmt=TotalBED_TaxAmtCess_TaxAmt+SHECD_TaxAmt
VAT_TaxAmt=VAT_BaseAmt*VAT_Rate"
when i choose Discount in tax formula .Data type of Discount is in Percents.
Regards
Hi Sandeep,
As per your current formula, the system will automatically calculate the tax on discounted total as you have selected total in formula.
As soon as you put the discount amount the system will calculate new tax amount. So no need to use any discount function in tax code.
Regards,
Abhishek
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Hi ,
My Scenario is like this .. In A/P Invoice I have an item of 300 quantity ,it's unit price is 231.50 ,sap calculate it's total value as 69450. Now vendor gives me discount of 6085.21 Rs. (which is 8.7620%). Now after discount i will get total value 63364.71 . Now I select a CST tax (it's rate is 3.00) it's value is 1900.94.Real problem starts from here , now i have to give another discount sum of 860 so my total value would be 64406.
when i try to give the second discount it will changed all the value . how could i solve this problem .
Regards
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