Home > Margerp > Inventory Reports > How to calculate Gross profit on the Taxable value in Marg Software?

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

965

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.

×Close