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Former Member
Dec 05, 2008 at 10:29 AM

Tax procedure

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HI,

Excise duty are normally calculated on the net price of item after discounts as below

Basic price-100

Discount-10

Net price-Rs90

Hi

Normally tax calcuation price will be based on Net price Rs.90

But the requirement is for some of the vendors as below.

Basic price-100

Discount-10

Net price-Rs90

But here the Tax calcuation price will be based on basic price Rs.100.How to map this process.

Regards

Umapathy.M

Regards

Umapathy.M