Specify Taxes Charges And Discounts
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This page allows you to add tax, charges and discounts for the Blanket PO line item. Tell me more
Select the “Specify Taxes Charges and Discounts” link at the bottom of the “Create Blanket PO” page.
The “Specify Taxes Charges And Discounts” page appears.
The system displays the status of the Blanket Purchase Order document.
The system displays the following fields in the “Blanket PO Details” group box:
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Blanket PO No. |
The unique number identifying the Blanket PO for which the TCD details are specified. |
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Amendment No. |
Unique identification number of the Amendment document. (Alphanumeric, 18). The Amendment document is created whenever any modifications are done to the Approved document. |
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Type |
The type of the Blanket PO is displayed in this field. There are different types of BPO’s namely General, Capital, Dropship, and Consignment. |
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Supplier Code |
Code or identification number of the supplier. |
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Name |
Name of the supplier associated with the supplier code. |
Enter the following fields:
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TCD Level |
Use the drop down list box to select the Level of TCD either Line or Document for which the TCD Codes are to be defined.. |
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Line No. |
Unique identification number of the Line item present in the Blanket PO |
The system displays the following:
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Item Code |
Code or identification number of the item. |
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Variant Code |
Name of the variant associated with the item code. |
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Desc. |
Description of the item and the variant. |
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Qty. |
The Quantity specified by the buyer for purchasing the line item from the supplier. |
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UOM |
The Unit of measure in which the items are measured. |
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Currency |
The Currency of the Blanket PO. |
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Basic Value |
The Basic value of the purchased product based on the Quantity, cost and Per ratio. Basic Value = (Quantity * Cost) / Per |
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Total TCD Value |
The sum of all the TCD amounts in the multiline. |
Enter the following in the “TCD Details” multiline:
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TCD Code |
Code/Identifier of the Tax / Charge / Discount defined for an item (Alphanumeric, 25). Mandatory. This field is defined in the ”Taxes, Charges and Discounts” business component. |
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Help Facility Available |
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Variant |
The standard tax, charge or discount value are the variants of the specified TCD code (Alphanumeric, 25). Mandatory. These variants are mapped to the TCD codes. For example, for sales tax, TCD variants could be “On raw materials”, “On consumable” etc. |
The system displays the following:
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Type |
The TCD type, which could be, taxes, charges, or discount. |
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Basis |
The basis of the TCD, which could be percentage, unit rate, and flat rate. |
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Variant Value |
The Value that the variant holds is displayed. |
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Amount |
The Amount incurred due to Taxes, Charges, and Discounts. This is calculated by the system from the “Taxes, Charges and Discounts” business component. |
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Currency |
The Currency in which payment of Taxes, Charges or Discount to be made either for Document or Non-Document Supplier Code |
The System displays the following fields:
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Description |
The textual description of the tax, charges or discount. |
Enter the following:
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Supplier Code |
Code or identification number of the supplier. |
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Help Facility Available |
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Name |
Name of the supplier associated with the supplier code. |
Click the “Specify TCDs” push button to save the Taxes, Charges, and Discounts.
Click the “Approve Blanket PO” push button to approve the Taxes, Charges, and Discount Details.
The system displays a success message.
The Taxes, Charges, and Discount details will be mapped to the Blanket Purchase Order items.
To proceed, carry out the following
Select the “Specify Other Taxes & Discounts” link at the bottom of the page to enter information about additional taxes and charges.
Select the “Tax Calculation - Summary” link at the bottom of the page, to specify the Tax details.
Select the “Specify Budget Details” link to enter the budget related details.
Select the “Specify Quality Details” link to enter the Quality attributes of the items specified in the Blanket Purchase Order.
Select the “Attach Notes” link to attach a note to the Blanket Purchase Order.
Specifying Taxes, Charges, and Discounts - An Overview
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Whenever the Blanket PO is released, in addition to the quantity and rate, applicable taxes such as duty, sales tax, discount and freight charges has to be specified. All these affect the BLANKET PO either positively or negatively. While taxes and charges add to the basic value, discounts reduce the value. The tax, charges, and the discount (TCD) vary from time to time.
TCD Code and TCD variant are defined in the ”Taxes, Charges and Discounts” business component. The TCD Code must be mapped to an Account Code in the “Account Rule definition” business component. Upon mapping, the TCD code becomes “Active” and is eligible for further transactions. TCD Code and Account code mapping is mandatory.
On selecting the Blanket PO line number, the system retrieves item details such as item description, currency of Blanket PO and the basic value of the Blanket PO. You can enter the TCD code, variant, and the rate for TCD. The system stores the login user id and the server date along with the modification details.
Note: You can enter a value for the TCD rate, only if the TCD basis is “Flat”.
