on 01-10-2012 6:24 AM
Dear friend ,
Im My pricing , i need to calculate Tax on Tax.
Example -
Basic peice = 100
BED 10% of basic = 10
eCess 2% on basic=2
HScess 1% on basic=1
-
TOTAL = 113
VAT 10% on TOTAL -?? is it possible
-for this we need to vreate tax code in FV11 , is it? or any thing diffrenet??
Because we have created tax code form FV11 for BED(JMOP) and ecess and for HScess.
Regards,
Mahesh.
Hi,
yes you can apply vat on total 113
for that you have to define your vat condition in that way means from to on that condition will control calculation of it
check you TAX procedure in following t-code
t-code OBYZ
then define tax code condition record in Fv11
Regards
Kailas Ugale
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Dear Friend,
VAT is always calculated on Basic price+Excise Duties.
So in your case Basic price+ Excise duty is = 113
VAT 10% on 113 = 11.3
Thank you,
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Hi ,
Generally , the VAT and CST are calculated in that way only, In the taxing pricing procedure , you add one more condition type saying VAT base Amount to which you add the base value and total excise value calculated . Then you have VAT Condition types under VAT Base Amount Condition types and Maintain condition records in FV11 for VAT and check ur calculation is correct.
With Regards
S.Siva
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