How to achieve - Vat & Service Tax calculation on base Price-TAXINJ

[Former Member]

Hi

I have Issue with the calculation of VAT & Service tax upon the base Amount in purchase Order.

VAT is applicable to 70% of the base amount & "Service tax" is applicable to the 30% of the Base amount. This is related to supply/installation cum maintenance of a Electronic Machine in the Organisation.

The Tax procedure involved is TAXINJ. How do I proceed?

Best Regards

SAM

[Former Member]

Hi Sam,

This can be configured by using subtotals 4 or 6 against a pricing
condition which helps to calculate 60% off the base value. Then the
alternate base value routine 363 or 362 helps in capturing this subtotal
value & deductible it from the condition to which it is assigned to.

Please do the same.

Regards,

Rajasree

[former_member211616]

Hi Sambit ,

how did you got the solution

Regards

Ramesh

[Former Member]

You need to create a tax code in FTXP. Use proper conditions for VAT and service tax with your %. Also see that they are placed at proper calculation steps in TAXINJ. Then maintain condition records in FV11. Try creating PO with this tax code.