Hi,
We have vendor who is subjected to tax of 10%
He have a exception of 50 % upto rs 100000. After 100000 he is liable for normal 10 %. How do i work on it ?
Vendor master or configuration.
i have tried in vendor master(cin details). I posted a invoice of 10000 and tds was correct . it was rs 500(actual tds(1000) - 50 %)
But after when i post another invoice of rs 100000, system is calculating full tax on 100000. it is showing 10000 as tax
Actually Now total amount came to 110000. So it should be 90000*10/100=9000-50%=4500 and 10000*10%=1000
Total should be 4500+1000=5500.
how can i make it happen ?
URGENT