Hi All,
I have below scenario
| Entry Tax will be payable on all Petroleum Products procured from other States. | ||
| presently it is applicable to Furnace Oil & HSD | ||
| Calculation : | ||
| Basic Price : 15406 ltrs @ Rs. 38.49 | 593,016.00 | |
| CST : 2% | 11860.31 | |
| Total Invoice Value : | 604,876.31 | |
| Fright charges (fixed Rate : 26500/- load) | 26,500.00 | |
| Total Balance for Entry Tax : | 631,376.31 | |
| Add : Entry Tax 5% on ETB | 31,568.82 | |
| Total Payable : | 662,945.13 | |
Here system is as calculating as follows 593,016.00 + 26500=619,476.94 (freight charges) and entry tax (5%) is calcualted on this value instead of value
593,016.00 + 11860.31+ 26500= 631,376.31
How i should ensure the system about this calcualtion
Regards,
Preeti.pg