Regarding the Tax Options

[jakkasumankumar]

hai all,
At the time of Invoicing in Purchasing Module, how should i have toaccount for different taxes as it can be used for set off in future.

for Eg: Invoice is like this:

Sales 100000
VAT @ 4% 4000
Excise Duty (Including Cess) 1000
________
Total 105000
________

In the above case, if my concern is a manufacturing concern (which is eligible to set off the VAT and Excise Duty paid on inputs at the time of duties on outputs). How should i have to differentiate the above 3 items at the entry of Invoice.

waiting for replies

suman.