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This page allows you to carry out tax calculation for every line of particular transaction. Tell me more.
Select the “Tax Calculation - Details” link at the bottom of the “Tax Calculation – Summary” page.
The “Tax Calculation – Details” page appears.
The system displays the following in the “Document Details” group box:
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Status |
The status of the document. |
Enter the following fields:
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Tax Type |
Use the drop-down list box to select the tax type for the tax calculation. The Tax types set in the “Company Parameter Setup” component for the company and applicable for the transaction type will be available for selection. The system displays by default on launch of the page the tax type for which the tax calculation has been done. |
The system displays the following:
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Transaction No. |
The transaction number of the document. |
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Transaction Date |
The transaction date of the document. |
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Trade Type |
The trade type for the tax calculation. |
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Tax On |
The tax on value for the tax calculation. It could be “Dr” or “Cr” as a single value or two distinct values based on the transaction type. |
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Option |
The option for tax calculation. It could be "Inclusive" or "Exclusive" based on the selection made in the “Tax Types”. |
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Total Amount (Excl. Tax) |
The total document amount excluding the tax amount. |
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Total Tax Amount |
The total tax amount. |
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Total Amount (Incl. Tax) |
The total document amount including the tax amount. |
Enter the following fields in the “Item / T/ C / Usage Details” group box:
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Ref. Doc. Line No. |
The number identifying the line of the reference document for tax calculation. (Alphanumeric, 18). |
The system displays the following fields:
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Usage ID. |
The code identifying the usage ID in the tax calculation. |
Enter the following fields:
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Tax Region |
Use the drop-down list box to select the tax region for the tax calculation. The applicable tax region for the tax type and tax community defined in the “TSET” component will be available for selection. The system displays by default on launch of the page the tax region for which the tax calculation has been done. If the Tax calculation has not been done then the tax region defined in the “OPS” component will be defaulted. |
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Tax Category |
Use the drop-down list box to select the tax category for the tax calculation. The applicable tax category for the tax type, tax community and trade type defined in the “TSET” component will be available for selection. The system displays “Tax Category” on launch of the page, if the tax calculation is at “Line Level” and Tax calculation for the Tax type is done and Tax Category is the same for all the line items in the document. If the tax calculation is at document level, then the system displays “Tax Category” for which calculation is done. |
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Tax Class |
Use the drop-down list box to select the tax class for the tax calculation. The applicable tax class for the tax type, tax community and trade type defined in the “TSET” component will be available for selection. The system displays “Tax Class” on launch of the page, if the tax calculation is at “Line level” and Tax calculation for the Tax type is done and Tax Class is the same for all the line items in the document. If the tax calculation is at document level, then the system displays “Tax Class” for which calculation is done. |
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Tax Register |
Use the drop-down list box to select the tax register for the tax calculation. Vaues given in TCAL Component will be available for selection. The system displays null by default on launch of the page if the tax calculation is done and if the default tax register is not the same for all the line items in the document. |
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Taxable % |
The number identifying the taxable percentage for the tax calculation. (Integer). If Trade Type is "Purchase" then the Taxable % should must not be a negative value or greater than 100. If Trade Type is "Sale", then Taxable % should be 100. |
The system displays the following:
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Computed Total Tax |
The computed total tax. |
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Corrected Total Tax |
The total tax amount after correction. |
Enter the following details in the “Tax Code Details” multiline:
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Tax Code |
Use the drop-down list box to select the tax code for the tax calculation. The tax codes defined for the Tax Type and the Tax Region in the “TRD” component will be available for selection.. |
The system displays the following:
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Code Type |
The type of tax code for the tax calculation. |
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Tax Rate |
The rate on which the tax is calculated. |
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Tax Basis |
The basis on which tax is calculated. |
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Statutory Taxes |
The statutory taxes applicable for tax calculation. |
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Taxable Amount |
The taxable amount. When the Tax Parameter 'Taxable Value Different from Computed Value' is set to Yes for the Tax Type this field can be modified and will be considered for computations |
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Tax Amount |
The total tax amount. |
Enter the following field:
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Corrected Tax Amount |
The corrected tax amount. (Integer). |
Click the “Recompute” pushbutton to recompute the tax calculation.
Click the “Save Details” pushbutton to save the tax calculation details.
The system updates the document information and updates the status. Sundry payments, Sundry Receipts and Journal Voucher services are invoked accordingly.
Click the “Save And Authorize” pushbutton to save and authorize the tax calculation details.
The system checks if the voucher can be authorized or not. Accordingly the status of the voucher is updated. Sundry payments, Sundry Receipts and Journal Voucher services are invoked accordingly.
To proceed, carry out the following
Select the “Tax Posting” link to enter the tax posting for the tax calculation.
Tax Calculation – Detail - An overview
You can view the status of the transaction. You can select the tax type for tax calculation. You can view the transaction details, trade type, tax on which the tax is calculated, option, total tax amount and total amount including and excluding tax. You can enter the item and usage details for the tax calculation. You can select the reference document line number, tax region, tax register, tax category and tax class for appropriate tax calculation. You can enter the taxable percentage for tax calculation. The system displays the computed total tax and corrected total tax. In the tax code details multiline, you can enter the tax code and the corrected tax amount for tax calculation is done. You can then recompute the tax details. You can save and authorize the tax calculation.