Case Study on Advance Payment: Retail Sales Pricing

One of the trusted brands in India with 350+ of exclusive showroom and presence in 2000+ multi brand show rooms and having annual revenue of more than 1000 crore.

Client wants following requirements in one of their retail billing processes.

• Pricing for the retail billing has to be GST inclusive.
• GST slabs are mentioned in the tax regime depending on the price per unit of commodity after discount and the tax percentage is to be determined and added accordingly.

A new pricing procedure has been developed which includes

• Custom condition type to fetch price inclusive of GST after discount.
• Custom condition type to calculate inclusive GST
• Routine formula has been added in Pricing to fetch price per unit after discount by retaining and using the existing value scales.
• New Access sequencecreated for the new inclusiveGST condition
• Function module enhanced for the new pricing.
• Output _Print forms updated accordingly for including
  • Inclusive GST percentage and
    amount
  • Net price

• Adequate tax percentage is applied by fetching appropriate GST slabs based on the per unit price.
• Reliable and Appropriate Pricing determined for commodities sold using the new pricing.
• Effective calculation of Central and State GST as per the tax regime.
• Eliminated Excess payment of tax caused by absence of proper customized pricing procedure in ERP.