Hi Experts,
I have got one requirement to book both VAT and service tax in same Sales Order line item. Client wants taxes to be charged on a ratio(say 60:40 or 70:30) of line item value.
e.g.
Line item value(PR00)=1000 Rs
VAT@5% on 60%=30 Rs (tax code VAT 3%)
Service tax@14%on 40%=56 Rs (tax code service tax 5.6%)
There will be multiple types of ratios in future. Do I need to make multiple tax codes for VAT and service tax?
Please advice.
Regards
Vikas