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Purchase and Sales Tax Based on formula


#1

Hello, I would like to request an improvement for computing taxes in purchases or sales. Is it possible that we can put an entry in the tax table wherein the rate is a formula? Because in my country, we first divide the amount to 1.12 and then multiply by 0.12 for tax inclusive transaction. Or is there a way to do it in the current version? Thank you


#2

In ERPNext you can simply use Tax included in Basic rate to avoid this (presuming the Item rate includes the tax amount). Please see this documentation -
https://erpnext.com/docs/user/manual/en/setting-up/setting-up-taxes.html