Works contract Tax
There is a new tax for Depots at Delhi and Mumbai i.e., Works contract tax
suppose if the base price is 1000 rs then system should caluclate 80% on 1000 rs i.e., 800 rs and on that 800rs system should caluclate 4% i.e., 32 rs
Apart from this Works contract tax system will caluclate 4% Vat or Cst as applicable on 1000 Rs only
(For Delhi system should caluclate 4% of 80% of Basic price & For Mumbai Depot system should caluclate 4% of 75% of Basic price)
Please suggest me , how to go about in (in terms of config & Routine)
(I suggested my abap Consultant to write a Routine , will it work so )
Sunil G replied
I dont think there is a need to use ABAP as it appears to be a straight forward calculation.
In your pricing procedure, maintain a statistical condition type to calculate 80% on price. In the next step maintain the 4% condition type to calculate the value on the 80% condition value. CST and VAT can be calculated on basic price. You have to use "From To" appropriately in your pricing procedure.