Including Tax as a part of MRP

Hi,
We have a new line of products for which the MRP (Base price) includes the Taxes.
For example,
MRP of Product A: Rs. 100
Tax (VAT)  %     : 4% (included in 100)
So the actual tax amount is Rs. 96.154 (100/104)
Please advise me what changes i need to bring about in Tax procedure/codes to incorporate this change.
Thanks in Advance,
Safi

Hi
In your tax condition type change the calculation procedure to H which means % included
Now crate fresh confdition records after changing calculation procedure
Now when your procuct is Rs100 and if tax is 4% then the calculation will be Nett will be 96.15 and tax will be 3.85
Pls work and see and this you can achieve through standard keys itself
Pls reply whether you got it right
Regards
Raja
Edited by: ramanathan raja on Sep 23, 2008 1:36 PM

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