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IN CALCULATION N, WE CAN CHARGE TAX ON MRP OR SALE RATE IN THE SAME BILL WITH FREE QTY
CALCULATION M AND N ARE SAME BUT IN CALCULATION N WE CAN CHARGE TAX ON FREE QTY ALSO,
FOR EXAMPLE
ABC ITEM
MRP - 200
RATE - 100
TAX - 5%
AFTER SET CALCULATION N FROM CONTROL ROOM --ONE OPTION IS ACTIVE IN ITEM MASTER.
LST have 4 option
1. E- EXCL MRP
IN THIS TAX CALCULATE ON MRP AS EXCLUSIVE
AS ABOVE EXAMPLE
TAX = 200*5/100==10
TAXABLE VALUE IS 200
2. I - INCL MRP
IN THIS TAX CALCULATE ON MRP BUT INCLUSIVE
TAX = 200*5/105 == 9.53
TAXABLE VALUE IS 190.47
3. S- EXCL S/R
IN THIS TAX CALCULATE ON SALE RATE AS EXCLUSIVE
TAX = 100*5/100 = 5
TAXABLE VALUE IS 100
4. W-INCL S/R
IN THIS TAX CALCULATE ON SALE RATE AS INCLUSIVE
TAX =100*5/105 = 4.76
TAXABLE VALUE IS 95.24
FOR ASKING "TAX ON FREE" ON ITEM MASTER
GO TO CONTROL ROOM SEARCH "FREE TAX"
"Tax on Free Goods Ask Company/Item/Batch Wise"
DO IT "I" - FOR ITEM MASTER
AFTER THIS SETTING THIS OPTION IS APPEAR IN ITEM MASTER
DO IT YES IF WANT TO CHARGE TAX ON FREE QTY ALSO OR VICE VERSA
FOR HELP OF THIS CALCULATION CUSTOMER CHARGE TAX ON MRP AND SALE RATE IN ONE BILL AND SETTING PICK FROM ITEM MASTER, BUT WE CAN CHANGE THIS SETTING AT THE TIME OF BILLING BY PRESS F2 WHEN CURSOR ON QTY FIELD.