H friends
we work on R12.1.3 i have case in tax in India and i need help from all to setup this case, i need to know how to setup tax on prior tax
i will give example to show this case ,
we have 3 types of tax
1- Service 10%
2- EDU 2% Prior tax
3- High EDU 50% prior tax
we have invoice in AR with amount 100 INR
TO calculate the tax is
100*10% = 10
then
10*2%=0.2
then
0.2*50%=0.1
the total to the tax is 10+0.2+0.1 = 10.3
the total of invoice is 100+10.3=110.3
i want from friends how to do this setup
if you really can help by provide me the steps exactly step by step not need to pictures please provide me
i need help in the tax in india
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- Location: Egypt
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- Posts: 2
- Joined: Tue Aug 05, 2008 9:49 am
- Location: Singapore
Hello,
Perform following setup steps to enable India Localization - Service Tax,
> Define Service Tax Regime
> Register ST Regime
> Define Taxes with name and percentage of tax.
> Define Interim Liability and Interim Assets GL code, assign then to OU Level.
> For more details you can refer IL User guide. (milind3112 at the rate gmail)
For more query u can mail me directly.
Best of luck.
Regards,
M
[quote]H friends
we work on R12.1.3 i have case in tax in India and i need help from all to setup this case, i need to know how to setup tax on prior tax
i will give example to show this case ,
we have 3 types of tax
1- Service 10%
2- EDU 2% Prior tax
3- High EDU 50% prior tax
we have invoice in AR with amount 100 INR
TO calculate the tax is
100*10% = 10
then
10*2%=0.2
then
0.2*50%=0.1
the total to the tax is 10+0.2+0.1 = 10.3
the total of invoice is 100+10.3=110.3
i want from friends how to do this setup
if you really can help by provide me the steps exactly step by step not need to pictures please provide me
<i><div align="right">Originally posted by freeman_ag
Perform following setup steps to enable India Localization - Service Tax,
> Define Service Tax Regime
> Register ST Regime
> Define Taxes with name and percentage of tax.
> Define Interim Liability and Interim Assets GL code, assign then to OU Level.
> For more details you can refer IL User guide. (milind3112 at the rate gmail)
For more query u can mail me directly.
Best of luck.
Regards,
M
[quote]H friends
we work on R12.1.3 i have case in tax in India and i need help from all to setup this case, i need to know how to setup tax on prior tax
i will give example to show this case ,
we have 3 types of tax
1- Service 10%
2- EDU 2% Prior tax
3- High EDU 50% prior tax
we have invoice in AR with amount 100 INR
TO calculate the tax is
100*10% = 10
then
10*2%=0.2
then
0.2*50%=0.1
the total to the tax is 10+0.2+0.1 = 10.3
the total of invoice is 100+10.3=110.3
i want from friends how to do this setup
if you really can help by provide me the steps exactly step by step not need to pictures please provide me
<i><div align="right">Originally posted by freeman_ag
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