i have to configure a new tax code in sap. i need all your's advice on this for configuring it in sap. i am bit confuse to make this setting in sap. please guide me for creating this tcode.
Basic value - X
ED and ED Cess - 10.3 %
Value X2 = X + X*10.3%
VAT + 4%
Value X3 = X2 + (x2 * 4%)
Entry Tax = 1%
Total Value = X3 + (X3 * 1%)
Please tell me the steps in detail how to configure this for tax code.
Best Regards
Arun Rai