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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

any update

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