Dear @Ankit.K.Tiwari ,
Please check below:
Unit Price (115) is vat inclusive, we have (10) discount.
Price after discount is (105).
Total before vat is (91.30)
Total vat is (13.70)
Thank you.
Hello @mnuaimi ,
Could you please help me with this?
Greetings, @m.mahdi. Indeed, that is entirely accurate.
Thank you @mnuaimi for fast reply.
The system uses gross price.
Calculating discount on gross price gives deferent vat result than using net price.
Example:
1) Discount BEFORE VAT
Taxable = 100 − 10 = 90
VAT = 90 × 15% = 13.50
Total = 90 + 13.50 = **103.50 SAR
- Discount AFTER VAT**
VAT = 100 × 15% = 15
Total before discount = 115
Final total = 115 − 10 = **105 SAR
VAT results are not same, which one should we use?**
@mnuaimi please support.