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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