EAP: India Sales Tax/VAT Requirement to Calculate Tax on Some Percentage of Basis Amount (Doc ID 1957355.1)

Last updated on MARCH 18, 2016

Applies to:

PeopleSoft Enterprise FIN Payables - Version 9.2 and later
Information in this document applies to any platform.

Goal

The business requirement is to calculate Service Tax of 12% on 70% of the Voucher Base Amount and VAT of 12.50% on 60% Base Amount.

Solution

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