SUNNY
Member
Sales Advance Pricing ( Cess Calculation )
For Sales Advance pricing there are following adjustment
1. Basic price 100
2. Freight 50 (This is add on amount) This varies for a particular item
3. Excise Duty 24 16 % of (Basic price + Freight)
4. sales Tax 6.96 4 % Of (Basic price + Freight + Excise Duty )
5. Cess 0.348 5 % of (Sales tax i.e 6.96 )
As for Cess need to show it separate on the invoice and need to direct to different GL account there has to a different adjustment.
Total of sales tax and Cess to ( 4.2% of based on net current price) Will give the correct calculation. But as explained need to be separate.
How to create a adjustment which is % of another adjustment?
For Sales Advance pricing there are following adjustment
1. Basic price 100
2. Freight 50 (This is add on amount) This varies for a particular item
3. Excise Duty 24 16 % of (Basic price + Freight)
4. sales Tax 6.96 4 % Of (Basic price + Freight + Excise Duty )
5. Cess 0.348 5 % of (Sales tax i.e 6.96 )
As for Cess need to show it separate on the invoice and need to direct to different GL account there has to a different adjustment.
Total of sales tax and Cess to ( 4.2% of based on net current price) Will give the correct calculation. But as explained need to be separate.
How to create a adjustment which is % of another adjustment?