Rate for Excise Amount

YouTube: How to Define a Separate Rate for Excise (%) / Cess (%) Calculation in Sale Bill?

How to Define a Separate Rate for Excise (%) / Cess (%) Calculation in Sale Bill?

Step-By-Step Guide:

• Open the Sales Voucher Configuration.

• Select the relevant Billing Series.

• Click on "Other Settings- 2".

• Locate the option labeled: "Rate for Excise Amount"

  • This setting offers a dropdown with available rate options (e.g., MRP, Selling Price, Cost).

  • MRP is the most commonly used rate for calculating excise in many ERP systems.

• Click Save to apply the configuration.

Prepare for Transaction

• Before creating an item transaction, go to Setup Column Attribute.

• Enable the following columns to display during billing:

  • Excise(%)

  • Rate for Excise(%)

Perform an Item Transaction

• Proceed to transact an item in the billing window.

• Observe the "Rate for Excise" column—it shows the rate used as the basis for excise calculation.

• The "Excise" column will reflect the applicable excise percentage.

Review the Calculated Excise

• Click to the View Total section of the billing window.

• Here, you’ll find the calculated excise amount, which is computed based on the selected rate (e.g., MRP).

This concludes the tutorial on configuring and using the Rate for Excise Amount setting.