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12.5% VAT of 60% Base value


I need to calculate VAT 12.5% on 60% Base value. How can i configure this settings in the sytem? Please advise me

I need to create the tax code like...Service tax sales 10% + 2%1%VAT 12.5% on 60%



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  • Posted on Aug 25, 2011 at 07:06 AM

    Then maintain 7.5% as tax percentage, it will deduct the equal on 60% of your basic @ 12.5%

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