i need help in the tax in india

[freeman_ag]

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

[freeman_ag]

any update

[milind3112]

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