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

12.5% VAT of 60% Base value

Hi,

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%

Thanks

YD

Add a comment
10|10000 characters needed characters exceeded

Related questions

1 Answer

  • 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%

    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.