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How to calculate Gross profit on the Taxable value in Marg Software?

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Ans.1

In Marg ERP Software, the user can calculate the gross profit on the two basis:

1. Taxable Value

2. Bill Value

In order to calculate the gross profit on the Taxable value, the user will follow the below steps:

• Firstly, Go to Masters >> Marg Setups >> Control Room. Press Enter.

• A Control Room window will appear.

• The user will select ‘GST Setup’. Press Enter.

• A Vat Setup window will appear.

• Now click on ‘Accept’.

• Again a Vat Setup window will appear.

• In 'If Y/G in Gst Credit Purchase COST OF ITEM = ITEM COST + INPUT GST' option, the user will select 'N'.

• The user will now press Esc key twice.

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

After following the above steps, the Gross profit will get calculated on the Taxable value.

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