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Former Member
Jun 04, 2011 at 06:16 AM

Tax Rate for CENVAT definition

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Hi,

I am creating a taxcode for CENVAT+CST. I have the combination like this:

BED=10% on Total

Cess 2% on BED

HSCess 1% on BED

CST 2% ON Total+ BED Taxamount.

In the righthand top of the tax definition window the taxrate is showing as 15%.(1021+2 CST).

But actually it shoulbe 12.3%.In the documents the tax amounts are showing correctly.Can you explain this 15%?

Regards,

S.G.Sekar