Calculation of service tax & mvat

[Former Member]

Dear All,

I require the following for billing

Say Invoice amount is Rs. 100.00

On 70% of Rs.100 I would like service tax to be calculated @ 12.36 % (12+2+1 %) which would be debited to service tax payable I.e. Rs. 8.65

The total of the above is Rs 108.65

On Rs 108.65 - 60% should be taken (65.19) for calculation of mvat @ 12.5 % which works out to Rs 8.15 , this should be debited to a new GL Works Contract tax

The invoice value would be Rs. 100+8.65+8.15

Please guide me on this. How do I achieve this.

Best Regards,

AnandK

[Former Member · Accepted solution]

Hi Anand,

you have to create a Condition type as Base value for Tax: and calculate this value through Z-Routine

rest of your calcualtion will be based on this Z-Condition:

say...

10  PR00 (100 in your case)

20 ZBAS  (70% of PR00) through Z Routine

30 Tax on ZBAS (8.65 in your case)

and so on....

thanks,

Sandeep Singh Chauhan