Tax Category

• Introduction
• Introduction
• Tab
• Tax Category
• Validations
• Validations

Introduction

Introduction

Overview

1. The Tax Category Tab is used to define and maintain Tax Categories. Each Product is associated with a Tax Category. This facilitates adapting to changes in taxation.

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Business Case

1. In most of the companies are used the same tax categories according to the government orders like GST-12%,GST-5%.

Tab

Tax Category

Critical Fields:

1. Name: It is used to mention the tax category name. The name of an entity (a record) is used as a default search option in addition to the search key. The name is up to 60 characters in length.

Critical & one-time setup fields:

1. Organization Field- This Field is used to select the organization in which you are going to process the document.

Non-Critical Fields:

1. Default: The Default Checkbox indicates if this record will be used as a default value.
2. Is Withholding: This is used to mention the withholding or not.

Zoom conditions:

1. We can zoom and find the product, item master, Tax Rate and product Planning Data by using this Tax category.

Validations

Validations

Save :

1. It is used to save the records after the mandatory fields are filled.

Delete :

1. It is used to delete the records before the transaction are done.