ED Calculation - Rounding off - India Localization

sriram_venkat
sriram_venkat Member Posts: 129
edited 2008-10-01 in NAV/Navision Classic Client
I have a peculiar scenario in the Indian localization. In the structure calculation for ED, the quantity had been given as 3120 and the Unit rate is given as 15.78 and the base amount is Rs. 49233.60. The ED value of 14% for this base amount should come as Rs. 6892.70/-.

But for ED calculation, NAV has rounded off the Unit Rate to Rs. 16/- (From 15.78) and showing me the base amount as Rs. 49,920/-. The ED of 14% is been calculated on this amount as Rs. 6989/-.

This is totally wrong and will project a wrong picture to the excise authorities.

Any Hotfix available for this?

Thanks

Venkat

Comments

  • sriram_venkat
    sriram_venkat Member Posts: 129
    In continuation with my previous post...

    FYI, i had checked the Invoice rounding as Ticked. Thats why it is rounding the unit rate. When i unchecked the Invoice rounding, its taking the correct rate.

    Is there any hotfix available for this?

    Venkat
  • ssingla
    ssingla Member Posts: 2,973
    Invoice rounding does not round the unit cost/price but only the Amount.
    CA Sandeep Singla
    http://ssdynamics.co.in

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