Hi All,
How to map the below scenario where service tax is calculated on freight and then added to the total and on this total VAT is calculated.
BASIC AMOUNT: 1000
Loading Charges: 100
Freight Charges: 200
Service tax on freight@2.575%: 5.15
Now my VAT is calculated as: (1000100200+5.15) X 4%
How can I map this scenario??
Regards
Ayyallas
Edited by: ayyallas on Sep 15, 2010 1:13 PM