Maintain Tax Category – A summary of the activity

This activity allows you to maintain different categories of taxes. You can create new category and save them. You can also maintain tax class under this activity. For each record modified, the system stores user ID and modification date. This activity also allows you to delete a tax category as well as modify one. You can also delete modify and create tax classes. In addition you can map or unmap tax category and tax class.

Tax Categories identify different types of business or trade transactions to indicate the applicability of Tax.. Examples of Tax Category as they exist now are: National Purchase, National Sale for VAT. TDS Payable and TDS Receivable for Withholding Tax.

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