Hi experts
Excise duty actual
While creating PO tax code selected as exise duty actuals
Ex: Quantity 15000 Price Rs.25 per unit (this price including excise duty)
VAT 4%
While booking MIGO the following entries are updating manually (Excise duty)
Basic price : 125000 (GR/IR credit)
BED 10 % : 9250
ECS 2 % : 185
SEcess 1%: 93
While booking the MIRO the following entries are updating
Vendoru2026. Cr 1,40,043.00
GR/IR clearing a/c Dr 1,25,000.00
CENVAT clearing a/c Dr Rs 9,250.00
CENVAT clearing a/c Dr Rs.185.00
CENVAT clearing a/c Dr Rs.93.00
VAT Purchase Dr.5515.00 ( as per invoice VAT 4% should be Rs.5,381.00)
System is wrongly calculating VAT 4%
Please let me know what could be the solution