Tax Configuration FAQ
Hi,
Below are the taxes configured;
My expectation is below in AR scenario;
Amount charged from customer = 1000
Service Charge (Defined as a tax ) 10% = 100
Amount applicable for SSCL = 1100
SSCL (2.5%) should be = 1100/97.5 * 2.5 = 28.21
Tax Basis for VAT = 1000 + 100 + 28.21 = 1128.21
VAT (18%) = 1128.21 * 18% = 203.08
Total Amount = 1128.21 + 203.08 = 1331.28
My expectation is below in AP scenario;
Amount charged from customer = 1000
SSCL = 1000/97.5 * 2.5 = 25.64
Tax Basis for VAT = 1000 + 25.64 = 1025.64
VAT (18%) = 1128.21 * 18% = 184.62
Total Amount = 1025.64 + 184.62 = 1210.26
How can I achieve the above?