One More problem i am facing when i m invoicing its asking me rates after tax can we apply tax separately
2 06/19/2015 01:00:36 pm
Re: Facing New Problem regarding Taxation (3 replies, posted in Setup)
Cant bifurcate sale and service item that's the biggest problem
3 06/19/2015 05:20:48 am
Topic: Facing New Problem regarding Taxation (3 replies, posted in Setup)
As we are Govt. Contractors we need to invoice as follows
item :- ABC
Cost :- 100
Qty :- 1
So Bill Amount will be : 100.00
main prob is VAt 5% on 75% of Bill Amount (coz its Supply Portion) i.e. 3.75
Service Tax 14% on rest 25% of Bill Amount (coz its works portion) i.e 3.50
i need solutions please help me as soon as possible