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ReportHello Everybody,
I do have considered the following situation:
In India, sometimes the service tax is paid on inclusive basis.
That is, if the Invoice amount is 112,360; it is considered as inclusive of service tax (service tax rate: 12.36%)
Service tax is calculated in reverse method. It is computed by the following formula
Invoice Amount * Tax Rate/ (100+Tax Rate)
112,360 * 12.36/ (100+12.36) = 12,360
Invoice Amount: 112,360
Service Tax : 12,360
Amount before tax: 100,000
The user needs to enter only Invoice amount in Sales line, (112,360)
Is it possible to do this in standard NAV?
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