4 Replies Latest reply: Dec 28, 2007 8:14 AM by Ashish Gangras RSS

How to create TAX CODE, explanation of TAx %..

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Hi guru's

Can anybody explain me , How to create a TAX code(fv11) for below mentioned structure.

16%2%1%VAT 8%DEDUCTIBLE4.5%NON DEDUCTIBLE

.please explain me the 16% stands for what , 2%for what,1% for what…etc

For which type of vendor , and material I want to use this tax code.. and explain what is deductible & non deductible..

URGENt..

 

Thanks

vicky..

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