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This page allows you to maintain tax category. Tax category is linked with the Tax Type-tax community combination. When there is a need to have more tax categories, this page helps you to define them.
Select the “Maintain Tax Category” link under the “Tax Setup” Business component.
The “Maintain Tax Category” page appears.
Enter the following field:
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Tax Category |
Use the drop-down list box to select 1. “New” if you require to add a new category, and 2. “Existing” if you require to modify the details regarding a tax category. Tax Categories identify different types of business or trade transactions to indicate the applicability of Tax. The drop-down list box has two options, “New” and “Existing”. The system defaults the value “New” in this field. Under “Existing” new tax categories cannot be added. |
Note: On choosing “Existing” in the Tax Category drop-down list box, the “Category Details” multiline fills with details of the existing tax categories. You can modify the data displayed in the multiline.
Note: If value “New” is chosen, the multiline will appear blank to enable you to enter data for the new tax category. If you require to create a new tax category, you can enter values in the “Category Details” multiline.
Enter details in the following fields in the “Category Details” Multiline:
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Tax Category |
The required tax category code (Alphanumeric, 40).. You can create a new tax category by entering a tax category code. |
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Desc. |
Textual description of the tax category (Alphanumeric, 100). |
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Calculate Tax |
You can select from “Yes”, “No” |
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Trade Type |
Use the drop-down list box to select the required trade type. You can select from either “Purchase” or “Sales” |
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Tax Type |
Use the drop-down list to select the required type of tax |
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Tax Community |
Use the drop-down list box to select the required tax community.. Tax community should be valid for the tax type selected. Tax community is the government authority administering the tax laws, for example India, EU and USA. |
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Category Type |
Use the drop-down list box to select category type. Category type is a code assigned to indicate the type of category. |
Note: Tax category for any tax type - tax community combination must not be repeated. Records to be deleted must be in status “Active”. When Tax Category is entered, the system checks whether Description, Calculate Tax, Trade Type, Tax Type, Tax Community and Category Type are entered, else the system will display an error message. The system will not permit deletion if transactions are pending in a tax category.
Check the box in the “Select” column of the multiline against the tax category that you require to save or delete.
Click the “Save Details” pushbutton to save the new or modified tax Category you have selected, and once saved, the tax category acquires “Active” status.
Click the “Delete” pushbutton to delete the selected tax category.
The system also displays the following fields:
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Last Modified By |
The login ID of the user who last modified the tax category details. |
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Last Modified Date |
The date on which the tax category details were modified. |
To proceed, carry out the following
Select the “Maintain Tax Class” link at the bottom of the page to create, modify or delete tax class.
