Tax table for Item, checkbox: "Is this Tax included in Basic Rate?", what's the difference if checked or not, can you give a simple case? say net total is 1000, rate is 10, if checked...

34 views
Skip to first unread message

Y Y

unread,
Sep 24, 2014, 5:50:53 AM9/24/14
to erpnext-u...@googlegroups.com
Thanks very much.

Addy

unread,
Sep 24, 2014, 5:57:55 AM9/24/14
to erpnext-u...@googlegroups.com
If rate is 10% on net total of 1000/- and the tax is included in basic rate then the actual pricing would be like this:

Selling price = 1000/1.1 = 909.09090909.... (depending upon the currency precision)
Tax would be = 1000/1.1 * 0.1 = 90.090909...  (depending upon the currency precision)

Total would be 1000/-

But without inclusion the

SP = 1000/-
Tax = 100/-
Total would be 1100/-

I hope I am right.

On Wednesday, September 24, 2014 3:20:53 PM UTC+5:30, Y Y wrote:
Thanks very much.

Y Y

unread,
Sep 25, 2014, 2:12:32 AM9/25/14
to erpnext-u...@googlegroups.com
understand now, that's mean net total already contains tax value.

in real scenario, why would add this kind of tax into tax table(as it will be 0)? is this just to show the complete tax included?

Thanks,
yang 

在 2014年9月24日星期三UTC+8下午5时57分55秒,Addy写道:

Anand Doshi

unread,
Sep 25, 2014, 11:30:40 AM9/25/14
to erpnext-u...@googlegroups.com
Tax table is used to back-calculate the tax exclusive price which is used for accounting. 

Sent from my phone
--
1. Please be kind and don't send large attachments
2. For issues, features requests use https://github.com/frappe/erpnext/issues
---
You received this message because you are subscribed to the Google Groups "ERPNext User's Forum" group.
To unsubscribe from this group and stop receiving emails from it, send an email to erpnext-user-fo...@googlegroups.com.
To view this discussion on the web visit https://groups.google.com/d/msgid/erpnext-user-forum/7e3520ce-91d0-4764-a7c4-586af9387c36%40googlegroups.com.
For more options, visit https://groups.google.com/d/optout.

Y Y

unread,
Sep 25, 2014, 11:41:23 AM9/25/14
to erpnext-u...@googlegroups.com
for Addy's case,

If rate is 10% on net total of 1000/- and the tax is included in basic rate then the actual pricing would be like this:

Selling price = 1000/1.1 = 909.09090909.... (depending upon the currency precision)
Tax would be = 1000/1.1 * 0.1 = 90.090909...  (depending upon the currency precision)

in tax table, if check that checkbox, is that need to calculate to 90.090909(depending upon the currency precision),?

在 2014年9月25日星期四UTC+8下午11时30分40秒,Anand Doshi写道:
Tax table is used to back-calculate the tax exclusive price which is used for accounting. 

Sent from my phone

On 25-Sep-2014, at 11:42, Y Y <yangy...@gmail.com> wrote:

understand now, that's mean net total already contains tax value.

in real scenario, why would add this kind of tax into tax table(as it will be 0)? is this just to show the complete tax included?

Thanks,
yang 

在 2014年9月24日星期三UTC+8下午5时57分55秒,Addy写道:
If rate is 10% on net total of 1000/- and the tax is included in basic rate then the actual pricing would be like this:

Selling price = 1000/1.1 = 909.09090909.... (depending upon the currency precision)
Tax would be = 1000/1.1 * 0.1 = 90.090909...  (depending upon the currency precision)

Total would be 1000/-

But without inclusion the

SP = 1000/-
Tax = 100/-
Total would be 1100/-

I hope I am right.

On Wednesday, September 24, 2014 3:20:53 PM UTC+5:30, Y Y wrote:
Thanks very much.

--
1. Please be kind and don't send large attachments
2. For issues, features requests use https://github.com/frappe/erpnext/issues
---
You received this message because you are subscribed to the Google Groups "ERPNext User's Forum" group.
To unsubscribe from this group and stop receiving emails from it, send an email to erpnext-user-forum+unsub...@googlegroups.com.
Reply all
Reply to author
Forward
0 new messages