Authorize Tax Declaration – A summary of the activity

This activity allows you to authorize the tax declaration.

Tax declaration is applicable only for those tax types for which settlement process is “Declaration”. For the tax type-tax community-tax region combination, the earliest declaration period/year in ‘Active’ status is fetched for declaration. All the transactions falling in the declaration period/year are considered for settlement. On authorization, the consolidation journal vouchers are passed in the respective finance books. Further, in case of multiple finance books, if the “Payment/Receipt FB” is different from that of the transaction finance books, the inter-finance book transactions are also posted in the journal voucher. The authorization process triggers the generation of a sundry payment voucher for the net tax liability based on the parameter value set in Tax Calculation component. On authorization, the status of the declaration period/year in TSET component gets updated as “Settled”.  During this process, check is made for unincorporated transactions.

Getting Familiar with the pages inside