View Function Parameters

This page allows you to view the default values to a host of functions for tax type tax community combinations. The function defaults are used in tax calculation. Some function defaults are applied to the purchase cycle while others are applied to the sales cycle; some others are common to both.

Function defaults are set for a tax type, tax community combinations.

Select the “View Function Parameters” link under the “Tax Calculation” business component.

The “View Function Parameters” page appears.

Enter the following fields:

Tax Type	Use the drop-down list box to select the required tax type to view function default. The list is filled with all available tax types and the field displays the first available value. On selecting a tax type, appropriate values are listed in the tax community, and the function default fields.
Tax Community	Use the drop-down list box to select the required tax community. On launch of the page the system displays first available value for the tax type. On choosing a tax type the system fills the field with all available values of tax community and displays the first value.

The system displays the following fields on selecting the tax type and tax community:

Default TAX Category for Purchase Cycle	The category set to default for all purchase cycle transactions.
Default TAX Category for Sales Cycle	The category set to default for all sales cycle transactions.
Default TAX Class for Purchase Cycle	The class set to default for all purchase cycle transactions.
Default TAX Class for Sales Cycle	The class set to default for all sales cycle transactions.
Default Option for Purchase Cycle	The set option can be ‘Inclusive’ or ‘Exclusive’.
	If “Inclusive” is set, the total transaction is inclusive of the tax amount
	If ‘Exclusive’ is set, the transaction amount is exclusive of tax amount.
Default Option for Sale Cycle	The set option can be ‘Inclusive’ or ‘Exclusive’.
	If “Inclusive” is set, the total transaction is inclusive of the tax amount
	If ‘Exclusive’ is set, the transaction amount is exclusive of tax amount.
Basis For Tax Calculation For Sales Cycle	The value set is displayed .
	If the value displayed is “Transaction Rate” then for all the sales cycle transactions, tax will be calculated on the transaction amount.
	If the value displayed is “Assessable Rate” then for all the sales cycle transactions, tax will be calculated on the assessable rate defined for the item.
Accounting Basis for Sales Cycle	The value set is displayed. If the value is selected as Gross then the Tax Amount for the Transactions will be included in Revenue also. Else Revenue amount will not be increased by the tax amount.
Tax Correction Apportionment Basis	The value set is displayed.
	If the value is set as “First Line Item”, the difference between the computed and corrected tax is apportioned to the first line item.
	If the value is set as “All Line Item”, the corrected tax amount is apportioned to all the line items.
Distinct Account Type for TCDs	The field displays value applicable to the tax type & community. The two values available are Yes and No.
	If “Yes”, is displayed, the tax on tcd will be posted to the account codes created for the respective tcd account type.
	If “No” is displayed, the tax on tcds will be posted to the account type of the item and the account types for TCDs will not be available for account rule definition.
Tax Round Off at	The value set is displayed.
	If “Document Level” is displayed, the round off will be at the transaction level,
	If ‘Line Level’ is displayed, the round off will be for individual line item in a transaction.
Tax Round Off Value	If set to ‘1’, the round off should happen to the nearest whole number, if set to ‘0.10’, the round off should happen to the nearest tens and if it is set to ‘0.05’, the round off should happen to the nearest fives.
Default Taxable (%)	The set value within the limits. Taxable % field has values between 0 - 100. Taxable % must not be less than 100 for tax types 'TDS' and 'TCS'. The set value is displayed.
Automatic Payment Voucher Generation	The option that was set. If the value is “Yes” the system will automatically create sundry payment voucher for the tax payment; otherwise it will not.
Creation of Documents in Draft Status	The option that was set. If the value is “Yes” the system will automatically create documents in draft status when tax details are not properly given, otherwise it will not.
Allow Varied Input Credit Instalments on Capital Purchases	If the option is set as Yes the system allows varied input credit instalments for capital purchases and if it is set to NO, the input credit on capital purchases will be equal in all the instalments.
Percentage of Utilization of Service Tax Input Credit during Declaration	The percentage of Utilization of Service Tax Input Credit during declaration
Auto SetOff of CONSINPTAX with CONSOUTTAX during Declaration	Indicates whether balance in Consolidated Input tax can be adjusted for Consolidated output tax.
Provisional Credit for Service Tax Payable by Service Receiver	Parameter indicates that whether the Service Receiver add Service tax and pay the service tax dues to the government and take input credit in case service provider not added service tax based on specific %.

Note: “Percentage of Utilization of Service Tax Input Credit during Declaration", "Auto SetOff of CONSINPTAX with CONSOUTTAX during Declaration” and "Provisional Credit for Service Tax Payable by Service Receiver" fields would be visible only for the Tax Type – SER and Tax Community – INDIA.

Default Tax in Stock Trfr. Receipt from Stock Trfr. Note

Indicates, whether the Tax calculation in Stock Transfer Note to be defaulted in Stock Transfer Receipt or Not.

Note: This control would be visible only for the Tax Type - Excise and Tax Community - India.