| how to do this in oracle apps [message #180820] |
Wed, 05 July 2006 07:21 |
pooja82
Messages: 16
Registered: July 2006
|
Junior Member |
|
|
Hello Friends
I am working as a consultant for a manufacturing company.
They have a format for charging Excise and Sales tax on their products (example below). I dont know how to implement this using oracle apps. Please help me ASAP.
eg.
Product A:
MRP = Rs. 100
Assessable Value (i.e. the value at which I have contract with the Government to pay Excise Duty) = 60% of MRP = Rs. 60 in this case.
Excise Duty = 16% of AV =0.16*60 = Rs. 9.6
Now, let’s suppose I am selling my product to a dealer at 30% discount.
Therefore, Sale Price = 70% of MRP = Rs. 70
Sales Tax = 4% of Sale Price = 0.04*70 = 2.8
Therefore, total revenue from the deal = 70-9.6-2.8 = Rs. 57.6
|
|
|
|
] 
Blog
Search
Help
Members
Register
Login
Home
