Vat calculation after abatement (WCT)- India -Help

pashya1972

Hi

Can anybody inform as to how to define structure in case of VAT where tax is calculated after giving some abatement %.

E.g. Item Rate is say = Rs.10 and VAT is 12.5%
Normally system will calculate 1.25 as vat however in case of WCT it shd be calculated on the basis of 80% base amount i.e. 12.5% on 80% and it shd calculate tax Rs.10

Prashant

ssingla

From the help:

Standard Deduction
Define the standard deduction available from the base price to calculate the VAT for the item category in the tax jurisdiction.

pashya1972

I ve defined the set-up in the same manner but it does not consider std.deduction while calculating.
Is there any other set-up required?


Prashant

ssingla

refer to manual. They give detailed explanation.

navuser1

ssingla wrote:

refer to manual. They give detailed explanation.

Thanks.

Plz. provide me the MS link from where I can download the Material for the WCT.