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Posted to user@ofbiz.apache.org by ankur gupta <an...@gmail.com> on 2008/07/07 09:17:30 UTC
Indian Tax system(Service Tax and Cess)
Hi all
How to apply a Tax on Tax i.e On service Tax there is a Education Cess
which is applied in indian Tax system.For ex- On Rs 100 service tax @12.5%
is applied and which comes as 12.5 and on 12.5 we need to apply 3% of
education Cess which comes as 0.375...and Total= 100+12.5(service
tax)+0.375(Cess)..So please tell how to customize this kind of tax authority
in Ofbiz.Looking forward a reply from all of you asap..
Regards,
Ankur Gupta
Re: Indian Tax system(Service Tax and Cess)
Posted by David Goodenough <da...@linkchoose.co.uk>.
It might also be worth looking at the work of the OASIS tax TC, which is
working to codify all taxation everywhere. It seems a shame to reinvent
the wheel.
To quote from the OASIS UBL manual:-
"Taxation on the Invoice allows for compound taxes, the sequence of
calculation being implied by the sequence of information repeated in the data
stream (e.g., Energy tax, with VAT — Value Added Tax — superimposed). The
OASIS TaxML Technical Committee
(http://www.oasis-open.org/committees/tc_home.php?wg_abbrev=tax) is
developing UBL implementation profiles for various tax regimes, such as those
required by the European Community."
Regards
David
On Monday 07 July 2008, Jacques Le Roux wrote:
> Have also a look at
> http://docs.ofbiz.org/display/OFBIZ/FAQ+-+Tips+-+Tricks+-+Cookbook+-+HowTo#
>FAQ-Tips-Tricks-Cookbook-HowTo-ShowpriceswithincludedVATineCommerce
> http://docs.ofbiz.org/display/OFBIZ/VAT (work in progress)
>
> Jacques
> From: "Rishi Solanki" <ri...@gmail.com>
>
> > Hi Ankur,
> >
> > Pls go through the following link, Hope this will help you ;
> >
> > http://docs.ofbiz.org/display/OFBTECH/OFBiz%27s+Tax+Authority+Data+Model
> >
> > Thanks and Regards
> > [Rishi Solanki]
> >
> >
> > On Mon, Jul 7, 2008 at 12:47 PM, ankur gupta <an...@gmail.com>
> >
> > wrote:
> >> Hi all
> >>
> >> How to apply a Tax on Tax i.e On service Tax there is a Education Cess
> >> which is applied in indian Tax system.For ex- On Rs 100 service tax
> >> @12.5% is applied and which comes as 12.5 and on 12.5 we need to apply
> >> 3% of education Cess which comes as 0.375...and Total= 100+12.5(service
> >> tax)+0.375(Cess)..So please tell how to customize this kind of tax
> >> authority
> >> in Ofbiz.Looking forward a reply from all of you asap..
> >>
> >> Regards,
> >> Ankur Gupta
Re: Indian Tax system(Service Tax and Cess)
Posted by Jacques Le Roux <ja...@les7arts.com>.
Have also a look at
http://docs.ofbiz.org/display/OFBIZ/FAQ+-+Tips+-+Tricks+-+Cookbook+-+HowTo#FAQ-Tips-Tricks-Cookbook-HowTo-ShowpriceswithincludedVATineCommerce
http://docs.ofbiz.org/display/OFBIZ/VAT (work in progress)
Jacques
From: "Rishi Solanki" <ri...@gmail.com>
> Hi Ankur,
>
> Pls go through the following link, Hope this will help you ;
>
> http://docs.ofbiz.org/display/OFBTECH/OFBiz%27s+Tax+Authority+Data+Model
>
> Thanks and Regards
> [Rishi Solanki]
>
>
> On Mon, Jul 7, 2008 at 12:47 PM, ankur gupta <an...@gmail.com>
> wrote:
>
>> Hi all
>>
>> How to apply a Tax on Tax i.e On service Tax there is a Education Cess
>> which is applied in indian Tax system.For ex- On Rs 100 service tax @12.5%
>> is applied and which comes as 12.5 and on 12.5 we need to apply 3% of
>> education Cess which comes as 0.375...and Total= 100+12.5(service
>> tax)+0.375(Cess)..So please tell how to customize this kind of tax
>> authority
>> in Ofbiz.Looking forward a reply from all of you asap..
>>
>> Regards,
>> Ankur Gupta
>>
>
Re: Indian Tax system(Service Tax and Cess)
Posted by Rishi Solanki <ri...@gmail.com>.
Hi Ankur,
Pls go through the following link, Hope this will help you ;
http://docs.ofbiz.org/display/OFBTECH/OFBiz%27s+Tax+Authority+Data+Model
Thanks and Regards
[Rishi Solanki]
On Mon, Jul 7, 2008 at 12:47 PM, ankur gupta <an...@gmail.com>
wrote:
> Hi all
>
> How to apply a Tax on Tax i.e On service Tax there is a Education Cess
> which is applied in indian Tax system.For ex- On Rs 100 service tax @12.5%
> is applied and which comes as 12.5 and on 12.5 we need to apply 3% of
> education Cess which comes as 0.375...and Total= 100+12.5(service
> tax)+0.375(Cess)..So please tell how to customize this kind of tax
> authority
> in Ofbiz.Looking forward a reply from all of you asap..
>
> Regards,
> Ankur Gupta
>