on what tax is calculated on base price or net price?

Categories >> Software >> ERP CRM >> SAP >> SAP SD (Sales & Distribution)
Suggest New Category

Question Posted / kolanramreddy_81

8 Answers
18804 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

on what tax is calculated on base price or net price?..

Answer / raj

Tax is calculated on the net price.......Net Price is the
Gross Price - Discounts

Is This Answer Correct ?

13 Yes

0 No

on what tax is calculated on base price or net price?..

Answer / us

We calculate tax on net price always.
Base price is same as gross price.
Base price - discount = Net price
Net price + tax/vat/excise etc. = Effective price.

Please correct me if I am wrong.

Is This Answer Correct ?

7 Yes

2 No

on what tax is calculated on base price or net price?..

Answer / raj mane

it is depending on business process.
In INDIA tax calculated on
for outside state
(net price - discount ) + excise + packing + insurance without freight amount
for inside state
(net price - discount ) + excise + packing + insurance + freight amount
Out side INDIA
Tax calculated on Net price

Is This Answer Correct ?

4 Yes

0 No

on what tax is calculated on base price or net price?..

Answer / yogesh

we can calculate tax on both (net price/gross price)as per
requirment becouse options are available in general we
calculate tax on net price

Is This Answer Correct ?

3 Yes

1 No

on what tax is calculated on base price or net price?..

Answer / sundar

tax is calculated on the base price.

Is This Answer Correct ?

4 Yes

3 No

on what tax is calculated on base price or net price?..

Answer / prashant

raj has got it right

Is This Answer Correct ?

0 Yes

0 No

on what tax is calculated on base price or net price?..

Answer / prabhakar

tax can be calculated on both net as well as gross price as
per he business requoirement.

Is This Answer Correct ?

0 Yes

2 No

on what tax is calculated on base price or net price?..

Answer / pradeep deekshit

basically in india mostly we ca calculare on base price for eg vat such edu cess duty is calc on basic price of material

find me right if i was wrong

Is This Answer Correct ?

0 Yes

3 No

Post New Answer

More SAP SD (Sales & Distribution) Interview Questions

What is agenda of quick off meeting ?

0 Answers

Recently i am faced an interview. Interviewer asked me " can you explain Third party configuration ? plz tell me thanks in advance

1 Answers HP,

The quantity of Inquiry is 50 but the quotation created on it has 40 qty and the inquiry document is complete. How do we control it?

1 Answers

In pricing procedure what are the things we need to assign for creation of a sales order ? Suppose I have given a customer pricing procedure as ‘P’ in my pricing procedure,do I need to assign that ‘P’ anywhere else so that we can get accurate pricing for that customer ?

4 Answers IBM,

How rebate is controlled for automatic accruals or manual accruals? Where are settings?

2 Answers IBM,

How to trace changes in sales order how do you trace the changes made in the sales order in regards to changes to the partner function in the sales orders?

0 Answers

Is sap process integration (pi) necessary for sap transportation management implementation? : transportation management

0 Answers

What is item category and functions of item category ? What is item category group and function of item cate grp ? and what is a difference betwn this 2 ?

3 Answers HP,

Can you give the integration /w SD and CO module. What are the configuration steps required?

3 Answers Accenture,

What is use of customer account group?

1 Answers

tell me about the partner determination...

1 Answers

Can you share master data between several sales areas?

0 Answers

For more SAP SD (Sales & Distribution) Interview Questions Click Here