E-Business Tax (MOSC)

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Need help in Inclusive TAX

edited Mar 4, 2014 12:00PM in E-Business Tax (MOSC) 5 commentsAnswered

Hi,

I have an issue of handling inclusive Sales TAX. I want to calculate the Sales TAX that is using the formula of 1/116. that is if invoice amount is 100 then Sales TAX should be calculated as 100 * 1/116.

According to Inclusive Standard Handling.. It is using the formula of 16/116.

Please let me know, If anyone know to cater out the situation of TAX Calculation according to the formula of 1/116.


I would appreciate if anyone can share screen shot with related navigation.



Thanks

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