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12.5% VAT on 70% of basic value

Hi Experts

I have a scenario in which I need to create a tax Code in which VAT has to be calculated on 70% of basic value only

can anybody help me on this.

Regards

Vijikantha

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3 Answers

  • Posted on Sep 21, 2010 at 05:28 PM

    Configure new VAT condition type from JVRD according to requirement.

    Maintain condition record using FV11 for rate 0.0875%

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  • Posted on Sep 22, 2010 at 11:47 AM

    Create a new condition type copying your existing VAT condition. For that condition type, maintain the rate as 0.0875% in FV11. Add this condition type in your pricing procedure. Now you will be charged 12.5% of 70% base.

    Ravi.

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  • author's profile photo Former Member
    Former Member
    Posted on Oct 29, 2010 at 08:03 AM

    Thankyou

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