on 12-15-2012 5:09 AM
Hi
Hi
We are creating one tax code. That is combination with service and Vat 5.5%. Both are calculated in the total. But our client ask us to design like
The Vat is need to be calculated In the Total amount and + Service Tax amount. Like wise for Cst also. Please let us know how to create this tax designs Breifly.
This is how they need the tax design.
Hi Syed....
This is quite easy to create Tax Code with the normal procedure.
All you need to do is create a tax formula for VAT where its formula would be
VAT_BaseAmt=Total+Service Tax Amt
VAT_TaxAmt=VAT_BaseAmt*Rate
Then create its Tax Type Combination and take all teh input parameters.
Then create Tax Code..
Here is your tax code created...
Regards,
Rahul
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