what is the difference between netprice and std_price

[Former Member]

hi,

[Former Member]

HI

Netprice will the qty * unitprice.

regards

kishore

[Former Member]

Hi,

Basically, there are two price components. One is the Basic price and other is the net price.

Standard price is nothing but the actual rate of the product maintained in the price masters say for eg. in VK13, based on the sequence of sales org / distribution channel / customer / and material combination price is maintained per 100 nos or so.

Where as the net price is something like when an invoice is created for a customer in VF04, the net price will be calculation of Excise duty ( 16% of basic price), cess tax 2 % of ED, then Central sales tax or local sales tax and a surcharge of 12.5%. If VAT tax is applicable it will also be calculated.

So ini a nutshell,

Net price = Standard price + 16% ED + 2% Cess tax +

CST 4% or LST 3% and Surcharge 12.5%.

Lakshminarayanan.

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