Rate for Excise Amount
Last updated
Last updated
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In this tutorial, we will walk you through the process of setting up a specific rate to be used for excise amount calculation in Logic ERP.
Navigate to the Purchase Voucher Configuration.
Locate the option “Rate for Excise Amount.” Under the Other Settings-2 Tab.
From the available dropdown list, choose the desired rate for calculation.
Note: MRP is the most commonly used option for calculating excise amounts in ERP.
Click Save to apply the configuration.
Proceed to create a new Purchase Voucher.
Transact the required items.
Navigate to the View Total section.
The excise amount will be auto calculated based on the selected rate (e.g., MRP).
Open Setup Column Attributes.
Enable fields such as:
Excise % – to view the excise percentage.
Excise Rate – to display the rate used for calculation.
You can define a rate (like MRP) to calculate excise.
The system automatically applies the defined rate in purchase vouchers.
You can customize columns to view detailed breakdowns of the excise calculation.
