Hi,
We have a requirement in which ED is applicable on PO base price(PB00) where as VAT is applicable on Max Retail Price(MRP). I will illustrate with an example:
PO base price : 100
Excise Duty 10.3% = 10.3
Net Price = 110.3
MRP = 200
VAT = 5%
ie Base value + 5%Base Value = MRP
We need to apply VAT only on the Base value ie = 200* 100/105 =190.47
Vat value = 5% on 190.47 = 9.52
Landed Price = Net price + Vat value = 119.82
Can any body guide us for configuring this pricing scenario
Regards
Nireesh