Specify Tax, Charge and Discount for the items

Specify Tax, Charge And Discount

This page allows you to specify taxes, charges and discounts for the items. Tell me more

Select the “Specify Tax/Charge/Discount” link at the bottom of the “Create Direct Purchase Order” page.

The “Specify Tax, Charge And Discount ” page appears.

The System displays the status of the Purchase Order in this page.

The System displays the following in the “PO Details” information tab:

PO No.	Unique identification number of the Purchase Order with which it is referred.
Amendment No.	Unique identification number of the Amendment document. (Alphanumeric, 18). The Amendment document is created whenever any modifications are done to the existing document. This is a post approval document.
Type	The type of the Purchase Order is displayed in this field. There are different types of Purchase Orders namely General, Capital, Dropship, and Consignment.
Supplier Code	Code/Identifier of the supplier who supplies goods for the Purchase Order.
Name	Name of the Supplier who supplies the goods for the Purchase order.

Enter the following:

TCD Level	Use the drop down list box to select whether the TCD details are pertaining to the Purchase Order document or to a particular line item present in the document.
PO Line No.	Unique identification number of the Line item present in the Purchase Order for which the TCD is mapped if the TCD Level is Line. (Numeric).

The system displays the following:

Item Code	Unique code/identifier of the item associated with the Purchase Orders line number. (Alphanumeric, 32).
Variant Code	Variant code is associated with the Item code. (Alphanumeric, 8)
Desc.	Description stating the name/identifier of the variant associated with the item. Alphanumeric, 150).
Qty.	The Quantity specified by the buyer for purchasing the line item from the supplier. (Numeric).
UOM	The Unit of measure in which the items are measured. (Alphanumeric, 15).
Currency	The Currency induced by the buyer for carrying out his payment for the items. (Alphanumeric, 5).
Basic Value	The Basic value of the selected line Item based on the Quantity, cost and Per ratio. (Numeric).
	Basic Value = (Quantity * Cost/Per)
Total TCD Value	The sum of all the TCD amounts in the multiline. (Numeric).

Enter the following in the “TCD Details” multiline.

TCD Code	Code/Identifier of the Tax / Charge / Discount for an item purchased (Alphanumeric, 25). Mandatory. This field is defined in the ”Taxes, Charges and Discounts” business component.
	Help facility available.
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:

Type	The TCD type, which could be, taxes, charge, or discount.
Basis	The basis of the TCD that could be percentage, unit rate, and flat.
Variant Value	The Value of the Variant.

Enter the following:

Amount	The TCD amount is mentioned in this field. (Numeric). This is calculated by the system from the “Taxes, Charges and Discounts” business component.
Currency	The Currency used to pay the taxes, charges, or discount amounts. (Alphanumeric, 5).

The System displays the following fields:

Description

The textual description of the tax, charge or discount.

Enter the following:

Supplier Code

Code/Identifier of the supplier to whom the Tax, Charge, Discount is applicable. (Alphanumeric, 16).

The System displays the following fields:

Name

Name of the supplier who supplies goods for the Purchase order.

Click the “Save TCD Detail” pushbutton to save the created Taxes, Charges and Discount details or click “ Approve PO” push button to save the details as well as approve the created details.

The system saves the TCD Details or Approves and saves it based on the selected push button.

To proceed, carry out the following

Select the “Specify Quality Details” link at the bottom of the page to specify the quality pertained details of the items.
Select the “Specify Budget Details” link at the bottom of the page to specify the budget oriented details.
Select the “Specify Dropship Address” link at the bottom of the page to state the buyer’s address to which the goods are directly supplied when the Purchase Order type is Dropship.
Select the “Specify PO-PR Coverage” link at the bottom of the page to state the coverage details of the Purchase order and the Purchase Request..
Select the “Specify PO-SO Coverage” link at the bottom of the page to state the coverage details of the Purchase order and the Sale Order.
Select the “Tax Calculation - Summary” link at the bottom of the page to specify tax details of the Purchase order.
Select the “Specify Other Tax and Charges details” link at the bottom of the page to specify other taxes and charges details of the Purchase order.
Select the “Attach Notes” link at the bottom of the page to attach a small note stating some additional information for particular line information or the business document.
Select the "View TCD Apportionment" link at the bottom of the page to view TCD apportionment details.

Specifying Tax, Charge and Discount – An Overview

Whenever the purchase order 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 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” component. The TCD Code must be mapped to an Account Code in the “Account Rule definition” if the TCD Code is of Expense, if it’s Include in Item the TCD Amount is added to the Item Value. This page allows you to add tax, charges and discounts for the PO line item. On selecting the PO line number, the system retrieves part details such as part description, , currency of PO and the basic value of the 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 Variant Value only if the TCD basis is “Flat”.