Adding a cumulative of different taxes to a product

Hi,
Please suggest how to handle multiple taxation like(VAT,CST,service tax) for the products. These taxes to be reflected in the invoice and accounting/reporting. Is there any plugin or a way to handling the above.
here is a detailed explanation to my question..
Assume there are 3 categories of products-Clothing, Crafts, Electronics
each category has been allotted their own tax class – clothing tax class, craft tax class and electronics tax class respectively.
Now, here is the tax breakup for each tax class,

clothing tax class-
14.5 % on selling price- VAT
+ 5% on selling price- CST
+ 10% on selling price- Service tax
= Total selling price

electronics tax class-
17.5 % on selling price- VAT
+ 6% on selling price- CST
+ 7% on selling price- Service tax
= Total selling price

similarly for craft tax class.

that is, 3-4 different types of taxes add up to create the final selling price of all the products of that category.

Is this possible using some plugin or somehow??

Thanks