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

Former Member
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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

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Answers (1)

Answers (1)

Former Member
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okie