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Former Member
Feb 08, 2009 at 04:18 AM

How to maintain Price including Taxes


Dear all,

This issue is related with Export Tax.

1.My Client will collect Export Taxes Indirectly from their customers.

They will maintain the PR00: Rs. 100 (Including Tax). If the Tax is 17 %, the system should calculate Tax from Rs.100 , then the Tax rate is Rs. 17.

My Client expects the following Accounting entries:

Customer A/C DR 100

Sales Revenue CR 83

VAT Tax CR 17.

2. When they give the Order Confirmation and Invoice , they will show only the Price Rs.100 , they will not show the Tax Rate 17.

Can you tell me how to do this ?