SundryTax Calculation

This page allows you to carry out a tax calculation for a transaction. Tell me more.

Select the “Tax Calculation - Summary” link from the common pages for the tax calculation available. This tax calculation page can be launched from the “Journal Voucher”, “Sundry Receipt” and “Sundry Payment” business components.

The “Tax Calculation – Summary” page appears.

The system displays the following in the “Report Details” group box:

Status	The status of the document. It could be in “Draft”, “Fresh” or “Returned”.
Transaction No.	The transaction number of the document.
Transaction Date	The transaction date of the document.
Currency	The currency in which the transaction was made.

Enter the following fields:

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. If the tax calculation has not been done the first value is defaulted on launch of the page..
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 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.
Tax Register	Use the drop-down list box to select the tax register for the tax calculation. Values 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. If the values are same for all the line items, that value will be defaulted.
Trade Type	Use the drop-down list box to select the trade type for the tax calculation. If the Tax type is other than “TDS” or “TCS”, then “Purchase” and “Sales” will be available for selection. If the Transaction Type is “SNP” and Tax type is “TDS” or “TCS”, then “Purchase” will be available for selection. If the Transaction Type is “SUR” and Tax type is “TDS” or “TCS”, then “Sales” will be available for selection. For others, both ‘Purchase’ and ‘Sales’ will be loaded. If the Transaction Type is “SNP” or “JV”, the system will display “Purchase” by default on the launch of the page. If the Transaction Type is “SUR”, the system will display “Sales” by default on the launch of the page.
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. 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.
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 tax category defined in the “TSET” component. 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.
Party Code	A unique code identifying the supplier or the customer for whom the tax calculation is done. (Alphanumeric, 40). If the Tax type is “TDS” or “TCS” and the Trade Type is “Purchase”, then the entered party code must have been defined in the “Supplier Master” component. The party code must be a valid supplier code. If the Tax type is “TDS” or “TCS” and the Trade Type is “Sales”, then the party code must have been defined in the “Customer Master”. The party code must be a valid customer code.
	Help facility available.
Ref. Doc. Type	Use the drop-down list box to select the reference document type for the tax calculation. Value given in TCAL Compo.
Reference Document No.	The number identifying the reference document. (Alphanumeric, 18).
Option	Use the drop-down list box to select the option for tax calculation. If the Tax Type is “TDS” or “TCS”, then the value "Inclusive" will be available for selection. If the Tax Types are others, then the values "Inclusive" and "Exclusive" will be available for selection.

The system displays the following:

Computed Total Tax

The computed total tax.

Enter the following fields:

Tax On

Use the drop-down list box to select the tax on value for the tax calculation. If the Transaction type is “SNP” or “SUR” then “DR” and “CR” will be available for selection as a Single Value irrespective of tax types. If the Transaction type is “JV” and the Tax type is other than “TDS” or “TCS” then “Dr” and “Cr” will be available for selection as two distinct values.

The system displays the following:

Total Amount (Excl. Tax)	The total document amount excluding the tax amount.
Corrected Total Tax	The total tax amount after correction.
Total Amount (Incl. Tax)	The total document amount including the tax amount.

Enter the following details in the “Tax Code Details” multiline:

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. If the tax calculation is at “Line level” and tax calculation is done for the Tax Type and the Tax Code is the same for all the line items in the document, then the system displays “Tax Code” for which Tax calculation is done by default on the launch of the page or the system displays null. If the tax calculation is at the ”Document Level”, then the system displays the “Tax Code” for which calculation is done.

The system displays the following:

Code Type	The type of tax code for the tax calculation.
Tax Rate	The rate at which the tax is calculated.
Tax Basis	The basis on which tax is calculated.
Statutory Taxes	The statutory taxes applicable for tax calculation.
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
Tax Amount	The total tax amount.

Enter the following field:

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 Calculation – Detail” link to carry out a detailed tax calculation on the voucher.
Select the “Tax Posting” link to enter the tax posting for the tax calculation.

Tax Calculation – Summary – An overview

You can view the status, transaction details and the currency in which the transaction was done. You can select the tax type, tax region, tax register, trade type, tax category and tax class for appropriate tax calculation.. You can select the reference document type. You can enter the reference document number of the reference document type. You can select the option where you can select the tax amount to be inclusive or exclusive. You can select the tax on where you can specify the tax calculation on a debit or a credit, which is available as a single value or two distinct values based on selection made in the transaction type. The system displays the computed total tax amount of voucher and the corrected total tax amount of the voucher. You can also view the total amount of the voucher inclusive and exclusive of 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.