i need help in tax in india
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
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
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