Hi Everyone,

sale order there is a service tax on freight charges for which tax code is needed as per structure, so if anyone aware of the setup in FP2 , please guide further on how to set it up.

Tax structure as per following :

salable item - 1000 pcs @ 125 Rs
basic amt – 125000
excise @ 8% - 10000
EDU @ 2% - 200
SED@ 1% - 2
CST @ 2% – 2704.04 (applicable on above 4 lines)

Tax amt – 12906.04

Freight charge – 4500

service tax
on freight 3.09% - 139.05

Total Amt – 142545.09


Regards
Priyanko

Hi,
Find this screenshot for setup of the Aggregate tax code you require. The sed mentioned by you as 1% is applicable on Basic Excise amount and not on EDU as mentioned. kindly check the same before setup.