Multiple tax codes

[Former Member]

Suppose i want to create anA/R invoice in which i have 3 items namely Item A,Item B,Item C

Item A-----Rs.4000 @vat 4% = 4160

Item B----Rs.4000 @vat 4% =4160

Item C-----Rs.4000 @vat 4% =4160

Total =12480

Now i want to apply service tax@10.3 on above total amount Rs. 12480...How will i handle above scenario in SAP B1 2007B???

[Former Member]

thanks

[Former Member]

Hiii

Oneway you can do is you have to create a Tax Type Combination (Vat4% + service 10.3%)

i have tested the same scenario in my database where in you can calculate VatService for each item seperately i.e 4000160+412 =4572 for each item

check with your case if it is same, as of my view you cannot calculate service 10.3 for whole document price in standard form

Thanks

Rizz

[Former Member]

Hi,

Thanks

Mansoor

[Former Member]

You have to create a Tax Type Combination of VAT 4% + Service Tax 10.3% and select this tax in each row.

For reference you can check the Excise Duty (BED) tax ciombination available in the Demo Database of India. BED is the Combination of Excise Duty, Cess, H Cess and VAT.

Also check this link for more information:

[Defining a new tax code in SAP Business One 2005 B and 2007 B|https://www.sdn.sap.com/irj/scn/weblogs?blog=/pub/wlg/11638] [original link is broken] [original link is broken] [original link is broken];