EAP: India Sales Tax/VAT Requirement to Calculate Tax on Some Percentage of Basis Amount
Last updated on MARCH 05, 2018
Applies to:PeopleSoft Enterprise FIN Payables - Version 9.2 and later
Information in this document applies to any platform.
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.
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