octroi tax

[Former Member]

Hi

I got a Octroi tax needs to be calculated

my client is doing trading business and when trading inside Mumbai area customer the octroi tax the structure of the procedure is

Selling Price -1000 RS

O/P tax is 5% - 50 Rs

MRP( max retail price) of the product is 3000 RS

70% of MRP -             2100 RS

Output tax of selling price 50 RS + 70% of MRP  2100 = 2150 RS

octroi tax 3% of 2150 RS = 64.5 RS

total invoice sent to customer is 1000+ 50 ( Tax 5%) + 64.5 ( octroi tax) = 1114.5 RS

this is the pricing structure

but how do we capture the MRP price of the material  tat is on the label of the material which i need to capture

when my selling price is different from MRP price

[Former Member · Accepted solution]

Hi

Pls maintain condition type as given below in your pricing procedure with your  business scenerio.By this way you can maintain basic price & MRP seperately. Apply Abatement 30% in VK11 to get value of 70% of MRP amount & apply your tax condition as you want on price . Maintain MRP & Abatement statistics. Now you have a different condition for capturing MRP price  & same you can capture on label of material from condition record.

Hope this will help you.

Regards

Manjit Dhiman

[former_member186385]

Hi,

Since it is a trading business you can maintain the price of material in the Moving average price field in the accounting view 1

if it already maintained then in accounting view 2 you can find few fields such as

COMMERCIAL PRICE 1

COMMERCIAL PRICE 2

COMMERCIAL PRICE 3

leverage those field and check the feasibility

regards,

santosh