How to add Service Tax Plus VAT to items...?

1 Dec 2009, 2:43 PM

New Zenner

Join Date:: Apr 2007
Posts:: 10
Plugin Contributions:: 0

How to add Service Tax Plus VAT to items...?

Hi all,

I am in Mumbai, India. On certain range of products I have to apply two taxes, Service tax and above that VAT. It has to be calculated as shown in example below:

Product Price = 10,000

10.36% Service Tax = 11,036
4% VAT = 11,477.44

Can anyone help me how to get this.

Thx in advance.

29 Mar 2010, 11:56 AM

ginc

New Zenner

Join Date:: Apr 2007
Posts:: 10
Plugin Contributions:: 0

Re: How to add Service Tax Plus VAT to items...?

Hi all,

Does anyone know how to achieve this?

I have to add two different taxes as shown below; I have been hunting for this for quite some time now... but in vain; Please anyone!

Product Price (PP) = 10,000

Plus 10.36% Service tax (ST) on PP = 1,036

Plus 4% VAT (VAT) on PP = 400

Gross = PP + ST + VAT = 11,436

PLEASE PLEASE PLEASE HELP; ANYONE!