composite sales

[Former Member]

Dear All

my client requirement is to calculate VAT & Service Tax on basic price.

if Basic Price 100 rs they break it in 85% and 15%

then on 85% applied VAT 12.5%.

85*12.5%= 9.44

100-9.44=90.56

calculate service tax on 90.56*4.12%.

pls guide me how to solve this scenario.

thanks

Edited by: vijay singh on Aug 31, 2009 10:40 AM

[Former Member]

Hi,,

its quiet simple

maintain two statistical condition types in your pricing procedure.

maintain calculation type as percentage .

for one condition type create cond rec as 85 % and for the other make it 15%.

on these values you can calculate ur taxes by specifying the step number.

hope this helps.

please let me know if any further clarifications are required.

regards

ravi

[Former Member]

Hi Vijay,

In your below scenario. Use VAT at the rate of 10.625% (12.5% of 85% = 0.85 * 0.125 = 10.625% ).

Similarly for Service tax use 3.6825% (4.12% of 89.375 (100-10.625) ).

Hope this helps.

Regards,

Arun.S