Create Tax Remittance Request – A summary of the activity

This activity allows you to create, or create and authorize remittance requests.

Remittance request is applicable only for those tax types for which settlement process is “Remittance”. The transactions that involve a tax liability to the tax authorities are grouped under a remittance request.  Transactions are grouped for a tax type-tax region-tax class-finance book combination. The remittance request is created in status “Fresh”. On authorization, the status is changed to “Requested”. A sundry payment voucher in “Requested” status is generated and the tax status of the transactions that are part of the remittance request batch gets updated to “Settled”. (Reversal of “Settled” transactions is restricted).  On release of payment for the sundry payment voucher, the status of the remittance request is updated as “Paid”.