Receivables - EBS (MOSC)

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Tax :For Japan to be based on future declared rate in current month

edited Dec 3, 2014 10:10AM in Receivables - EBS (MOSC) 2 commentsAnswered

Hi,

Our client has below requirement.

In case of service part sales, currently tax is calculated based on the current applicable rate i.e 5%. But in case this contractual period extends beyond April-14 then for the period April-14 till Sep-15 tax should get calculated @ 8% and if the contractual period extend beyond Oct-15 the tax should be calculated @ 10%. Since currently tax calculation is based on currently pevailing rate, business has to manually take care of additional tax amount.

Business needs a functionality where if services contract period is extending beyond April-14 then for that period amount tax is calculated at 8% till Sept-15 and if the period extends beyond Oct-15 tax for the amount pertaining to periods beyond Oct-15 should be calculated @ 10%

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