Maintain Tax Type And Tax Community

This page allows you to maintain any type of tax you need to pay. Tell me more.

Select the “Maintain Tax Type And Tax Community” link under the “Tax Setup” Business component.

The “Maintain Tax Type And Tax Community” page appears.

Enter the following field:

Type Name

Use the drop-down list box to select the Type Name for which you require to maintain a tax type and tax community. The system displays “Pre-Defined” by default on the launch of the page. The type of tax, whether pre-defined, or user-defined.

Note: Type name can be either Pre-Defined or User-Defined. On making a choice from the list box, the multiline populates with rows of Tax Types with its relative Tax Community relevant to your choice. Pre-Defined tax types cannot be added. Existing combinations in both Pre-Defined and User-Defined types cannot be duplicated. When a tax type is entered under User-Defined type name, Tax Community must also be entered

Enter the following fields in the “Tax Details” Multiline:

Tax Type	A code identifying the type of tax (Alphanumeric, 25). Mandatory.
Tax Community	The name of the Tax Community to which the tax type belongs (Alphanumeric, 25). Mandatory.

Check the box in the select column of the multiline to select the tax type-tax community combination you require to save.
Click the “Save Details” pushbutton to save the entered tax types and Tax Communities.

To proceed, carry out the following

Select the “Set Tax Type Parameters” link at the bottom of the page to specify parameters for the user-defined tax types you have entered.
Select the “Tax to Tax Mapping” link at the bottom of the page to map the required taxes.

Maintain Tax Type & Tax Community – An overview

A business usually needs to pay several types of taxes. Some businesses have their offices, factory units, and warehouses in several regions in a country or even across the globe. In such cases you need to pay different types of taxes at different locations, and probably in the time spans of different tax calendars.

This system already supports tax types (VAT, GST, TDS, TCS, SERVICE TAX, EXCISE and SALES TAX) and communities, (SWISS, EU and INDIA). On opening the page, the predefined tax types, along with their respective communities, will be displayed as default.

You can also set the parameters of each tax. By setting the parameters of the tax, you enable the system to reckon each tax according to its specific rules of calculation and accounting. The parameters of the pre-defined tax types must not be changed. However you can add a new type of tax and its community and define their parameters.

You can also map a tax with other tax types with which they need to be linked for the purpose of calculations.