Announcement:
wanna exchange links? contact me at sapchatroom@gmail.com.
Posted by
Admin at
Reply from Shihab on Jun 12 at 12:56 AM HI Friend
First you have to activate calculate tax on net amount. Use FB00 and activate "calculate tax on net amount." and also use the following IMG path to to edit base amount for tax
IMG> Global settings> Tax On sale/Purchase>Basic Settings>Change Field Control for Tax Base Amount Enter your tax procedure and activate check box. Now you can edit the tax base amount in the invoice creation time
Go to FB60 enter the Amount in line item amount field and Go to Tax Tab and un tick "calculate Tax" , Now you can able to change the base amount field . change the base amount as 150 and Press " Net Proposal" , now the system will calculate tax on 150 .
you can enter the total amount in Header Amount Field and simulate the Document
| | | ---------------Original Message---------------
From: Sandeep Jain
Sent: Tuesday, June 12, 2012 12:07 AM
Subject: Tax Settings for Composite PO for EPC contract
Dear Friends
We are on support project, and they given a epc contact to a vendor.
Vendor supply cement etc and as well as constructing the frame and
structure etc.
Now they send the invoice for service is as
base for service tax will include the goods used and as per rules and epc
contract service tax will be calulated on 40 % of (price of serce + goods
used ) and net invoice value will be price of service + tax as calulated.
rate of service tax is 12.36%.
Please advise how we will setup fro service tax calculation:
example:
Base price of service 100/-
goods use 50/-
service tax will be@ 12.36% = 12.36% of 150/- = 18.54
Net invoice value = 118.54
Please advise
Sandeep Jain |
| Reply to this email to post your response. __.____._ |   _.____.__ |
