Tax Category

Introduction



Introduction



Overview

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.

Business Case

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:

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:

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

Non-Critical Fields:

Default: The Default Checkbox indicates if this record will be used as a default value.

Is Withholding: This is used to mention the withholding or not.

Zoom conditions:

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

Customization:

Validations



Validations

Save :

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

Delete :

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