HI..Advance & Retention Pricing.

[Former Member]

Hi Gurus,

We have the below pricing process.

1. Basic Price = Rs 100

2. Advance Received = 10 %

3. Retention Amount = 5%

4. Service Tax = 2%

Also Advance Recived & Retention can go into special GL.

Kinldy let me how this is to be taken in pricing, both adavance & retension.

wht will be the Net value calculaion & gross value.

Ash.

[former_member206215 · Accepted solution]

your base price is 100

you said that 10 % is advance means 10 rs is in advance

you said that Retention amount is 5% means 5 rs is retained

whether now servie tax is applied to rs 100 then it will come 2% of 2 rs

but if it is applied to 90 rs it will come 1.80

and if applied to 95 then service tax will come 1.90 means

There will be different service taxes calculations are available with you, now it will depend upon companies decision or as far as my knowledge is concern service taxes are applicable on Maximum retail price that is MRP.

The following setting you can do in CIN that is country india version as per the country specific and scenario specific setting so go to IMG-SPRO-and go to Taxes and do relevant setting according to your need. the same problem can be solved.

make relevant setting in field mentioned. and if you can not satisfy then apply user exit in system modification. for the same

and if still your problem is not solved you can contact me.