Rate for Excise Amount

YouTube: How to Define a Specific Rate for Excise (%) / Cess (%) Calculation in Purchase?

How to Define a Specific Rate for Excise (%) / Cess (%) Calculation in Purchase?

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.

Open Purchase Voucher Configuration

• 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.

Create a Purchase Voucher

• 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).

Enable Additional Columns (Optional)

• Open Setup Column Attributes.

• Enable fields such as:

  • Excise % – to view the excise percentage.

  • Excise Rate – to display the rate used for calculation.

With this feature:

• 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.