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Apr 12, 2012 at 07:48 AM

Excise on basic & VAT on total in one code

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Hi,

My requirement is

One tax code is needed for excise & VAT

Excise will be on base amount and VAT will be levied on base + excise amount

I have created one tax code for Excise with VS1, VS2 and VS3

Basic Amount Level 100

VS1 on basic amount Level 200

VS2 on VS1` Level 202

VS3 on VS1 Level 204

@VAT: VAT should be on the total of basic + VS1 + VS2 + VS3

How should i define for VAT?

Could you please help me in defining?

Thanks