We want a lumpsum amount for excise duty-how to onfigure?

[Former Member]

Dear Friends

Previously we were paying tax to the vendor as ED, Cess, and Ecess etc.But now vendor wants us to pay a lumpsum tax as excise duty as follows:

Basic Price Rs 10

Lumpsun Excise Rs 2

Price + ED Rs 12

CST 2%

Total Rs 12.20

How to configure it for SA & PO? What all conditions I have to maintain?

Thanks

Chandra

[Former Member]

Dear Chandra,

I think you want to make this changes in print out which you send to vendor.

But from your business point of view you must have ED/Cess/SH cess seperately.

Still if you want to do this for any particular vendor then you can achieve by maintaining conditon record as per vendor(TAXINN)

In case of (TAXINJ) you have to craete new tax code for the same.

Regards,

Umesh

[Former Member]

Dear

As it is a third party purchase, I want a lumpsum duty (not percentage) imposed on per unit of material to be purchased. Thus I want to know which all condition types I need to maintain? We are in TaxINN. I dont want the change only on print out.

Pls give me a clue

Thanks

Chandra

[Former Member]

Hello Friends

Pls let me know if maintaining a lumpsum tax is not possible in MM instead of ED, Cess, Eess??

[Former Member]

Still Pending!!