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Apr 12, 2012 at 04:51 AM

Define Excise & vat in one code

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Hi,

We need excise & VAT in one code.

It will work this way: On basic amount, excise will be calculated and on this total VAt will be applied

Basic PO amount: 1000

Excise 10.36%

VAt: 4%

Basic: 1000

+

Excise:103.6 (for example)

= 1103.6

VAT: 44.14

Total= 1147.74

Could you please give me few hints for definition of the same

Thanks