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Service Tax Calculation (For Transporter)

Former Member
0 Kudos

Hi

We have a requirement related with Service Tax Code , related with Transport Vendor where in Clinet wanst the Service Tax as 10.3% on 40% of the Invoice.

For example: say the Invoice Value is Rs. 100. The Client want Service Tax 10.3% on Rs 40 i.e. Rs. 4.12

Pls. guide.

Regards,

Accepted Solutions (1)

Accepted Solutions (1)

adwait_bachuwar
Active Contributor
0 Kudos

Hi,

this could be done in two ways.

1) you straight away maintain the condition record as 4%

2) you have to modify the tax procedure. here you have to create a new condition which will be the % basis and calculated on the base amount.

for that please let us know which tax procedure you are using? the 2nd solution will be useful for TAXINN only. for taxinj you have to go with 1st one only.

regards,

adwait bachuwar

Former Member
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Thanks Adwait for the reply.

I have tested the Scenarios 1 as suggested by you.

Can you please give some more inputs on Scenarios 2. Please note that we are using TAXINN

Regards,

Pramod Kumar

adwait_bachuwar
Active Contributor
0 Kudos

Hi Pramod,

you have to create a new condition type which will be the copy of any discount condition type.

then you have to modify the taxinn. here you have to call this condition type before service tax condition type. the base for the new condition is the base value.

now you will have to maintain the condition record for the your new condition as 40%

and your service tax condition record as it is that is 10.3%

regrads,

Adwait Bachuwar

Answers (2)

Answers (2)

Former Member
0 Kudos

Create separate condition type for transport vendor and assign to pricing procedure.Now when u create PO call the condition type and give vendor number in condition details.

when u invoice ,there will be two line items one for service vendor and other for transporter.for second line item manually calculate 40% of total value and give 10.3 % tax code.

Thanks

check and revert back

Former Member
0 Kudos

Please create tax code in FTXP with following percentages:

Service Tax : Enter 4% here instead of 10%

Ecess : Enter 2% here

Sec Ecess : Enter 1% here.

Regards

Bhavesh Mistry