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Hi Priya,

In oracle E-Business Tax module .While defining Regime to rate flow we have option called inclusive Tax ,I am not clear about that tax calculation part if we select the Inclusive Tax option in allow tax inclusion tab.

Could you please explain more detailed about inclusive Tax functionality with examples.

Thanks and Regards,
Satish Goud.
Responses (1)
  • Accepted Answer

    Monday, October 08 2018, 12:10 PM - #Permalink
    0
    Hello Ruthika,

    Please find below my response:

    Inclusive tax checkbox is used where the tax amount is already added in the value of product, e.g. the item price is say 220 $ and it says inclusive of 10% tax, the system will calculate taxes as 20$ and item price will be 220-20= 200( the calculation is (220*10/110).
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