Skip to Content
author's profile photo Former Member
Former Member

Calculation of Excise Duty on Base Amount and VAT on Base Amount + ED

Hi,

WE have configured the Tax procedure and Tax code in Finance. However we want the Calculation as follows:

Base Amount: 100

ED: 10%-->10 On base Amount

Cess:2-->2 On ED

SHCS:1-->1 On ED

Total = 113

VAT 5% --> 5.65 on Total not on Base Amount.

Print should come a total = 113+5.65 = 118.65

But in my case it VAT Calculates on Base amount which we do not want.

Provide Solution with configuration steps.

Edited by: rmk123 on Apr 6, 2011 3:32 PM

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

1 Answer

  • author's profile photo Former Member
    Former Member
    Posted on Dec 14, 2011 at 08:51 AM

    okie

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.