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Wrong tax calculation

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gowthamae1 View Drop Down
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Joined: 01 Apr 2016
Location: Coimbatore
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    Posted: 13 Apr 2016 at 5:13am

 

Dear Sir,

 

Greetings !!!

 

                I had just now tried the trail version of ABC Inventory Software. All the features of the software are good. But I am getting wrong tax calculation. In India, there will be two taxes for most of the transactions. One is 12.5% of Excise duty and other one is 2% of Sales taxes.

 

                The Calculation should be like below format :-

 

               EXAMPLE             

CORRECT CALCULATION              

PRODUCT VALUE                             6000

12.5 EXCISE DUTY                             750

SUB TOTAL                                          6750

2% CST                                                  135

TOTAL                                                   6885

 

 

                But ABC Inventory Software calculates like below :-

 

               EXAMPLE             

ABC SOFTWARE CALCULATION 

PRODUCT VALUE                             6000

12.5 EXCISE DUTY                             750

2% CST                                                  120

TOTAL                                                   6870

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