In Marg ERP Software, the user can use 'M' Calculation while creating Sale Bill.

• Go to Masters > Marg Setups > Control Room.

• The user will select ‘Search in all’.

• The user will search 'Calculation' and click on 'Accept' button.

• In 'Local Sale   -> Gst Invoice' option, the user will select 'M GST MRP/Sale A/f'.

• The user will now press 'ESC' key twice.

• Now, click on ‘Yes’ to save the changes.

• Go to 'Masters > Master > Item Master'.

• The user will press 'F3' key on Item to set tax Calculation on MRP or Sale Rate in the Bill.
• Suppose select 'Acnederm Lot'.

In 'LST' option, the user can set the Tax Calculation as per the requirement.

The Item has MRP - 200, Rate - 100 and Tax - 5%.

a. E- Excl.MRP:  In this calculation, 'tax will calculate on MRP as Exclusive'.

Tax = 200*5/100 = 10 and Taxable value is 200.

b. I-Incl.MRP:  In this calculation, 'tax will calculate on MRP as Inclusive'.

Tax = 200*5/105 = 9.53 and Taxable value is 190.47.

c. S-Excl.S/R: In this calculation, 'tax will calculate on Sale Rate as Exclusive'.

Tax = 100*5/100 = 5 and Taxable value is 100.

d. W-Incl.S/R:  In this calculation, 'tax will calculate on Sale Rate as Inclusive'.

Tax = 100*5/105 = 4.76 and Taxable value is 95.24.

Suppose select 'E.Excl.MRP'.

• Press 'Ctrl+W' key to save the changes.
• Click on 'Yes' button.

After following the above steps, the user can view that tax will calculate on 'M' Calculation while creating Sale Bill.