Tax Rate for CENVAT definition
I am creating a taxcode for CENVAT+CST. I have the combination like this:
BED=10% on Total
Cess 2% on BED
HSCess 1% on BED
CST 2% ON Total+ BED Taxamount.
In the righthand top of the tax definition window the taxrate is showing as 15%.(1021+2 CST).
But actually it shoulbe 12.3%.In the documents the tax amounts are showing correctly.Can you explain this 15%?