Gross price in PO
In my purchase documents for excisable items the gross price is showing additional value in addition to the unitpricetax amount.If my unitprice is 100 rs and if I use BEDCENVAT(VAT12%) the gross price is showing 115 rs but actually if I calculate, the unit price + tax = 112,etc.Can somebody explain how?
Vignu Krishu replied
By what ever ways the answer will come... my formula is right and i have tested it... May be ur tax formulation will be wrong... Gross price is nothing but the document total u verify it.... kindly check the formulation.. and for ur info i dint mention unit price + tax % its Unit price * Tax%/100... i gave this example since u asked how it is calculated...