Skip to Content
0
Former Member
Feb 08, 2009 at 04:18 AM

How to maintain Price including Taxes

39 Views

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 ?