India Sales and VAT Tax

Hi Every one,

I got the business requirements for India on sales tax and VAT.  I know Normally taxes calculated on base amount with standard tax percentage. If you look at the below sheet I want to calculate the service tax with 12% of 70% Base Amount and VAT with (12.50% of 60% Base Amount) . How to configure in PeopleSoft to achieve this ?? Can anyone achieved the results in PeopleSoft ?? Please share your thoughts.

See below examples:

   

Combination of Service Tax & VAT Invoice plus LBT Base Amount: 100,320.00 Add: Services Tax Components      Service Tax (12% of 70% Base Amount) 8,427.00      Educ Cess (2% of Service Tax) 169.00      SHE (1% of Service Tax)