Adding the tax, and charge details for the transfer receipt

Whenever the receipt is transferred, in addition to the quantity and rate, applicable taxes such as duty, sales tax and freight charges have to be specified. Tell me more.

Select the “Edit Tax / Charge Details” link at the bottom of the “Edit Stock Transfer Receipt” or “View Shipping Details” page.

The “Edit Tax / Charge Details” page appears.

The system displays the following in the “Stock Transfer Receipt Info” group box:

Transfer Receipt #	The number identifying the transfer receipt.
Status	The status of the transfer receipt, which could be “Draft” or “Fresh”.

Enter the following:

T/C Application

Use the drop-down list box to select the taxes and charges to be applied. The system lists “By Line” and “By Document”.

By Line - Add taxes and charges for the transfer receipt line item.
By Document - Add taxes and charges for the transfer receipt as a whole.

The system displays “By Document” by default.

Click the “Get Details” pushbutton, to retrieve the TCD details.

The system displays the following:

TCD Value	The TCD total amount of the transfer receipt.
Currency	The currency of the transfer receipt.

Enter the following in the “Tax Charge Info” multiline:

TCD #

The code that identifies the tax, charge or discount for the part issued and received (Alphanumeric, 25). Mandatory. The tax, charge or discount must have been defined in the ”Create TCD Code” activity of the “Tax Charges and Discounts” business component.

Help facility available.

TC D Variant #

The standard tax, charge or discount value, which can vary (Alphanumeric, 25). Mandatory. These variants are mapped to the TCD codes.

For example, the TCD variants for sales tax could be “On raw materials”, “On consumable” etc.

Note: The TCD Code and the TCD Variant must be in the “Active” status. Ensure that the TCD code and the TCD variant combination is unique to the multiline.

The system displays the following:

TCD Type	The TCD type, which could be, tax, or charge.
Basis	The basis of the TCD, which could be percentage, unit rate or flat rate.

Enter the following:

TCD Rate

The TCD rate (Decimal). Mandatory.

For example, if the basis is percentage then the percentage value say 16 or 15 must be entered here.

The system displays the following:

TCD Amount

The TCD amount. This is calculated by the system from the ”Taxes Charges and Discount” business component.

Enter the following:

Pay To Supplier #

The supplier to whom the payment is to be made

Note: Ensure that the Pay to Supplier is a valid supplier and as defined in the interacting “Supplier” business component.

The system displays the following:

Account Rule

The account rule applicable for the tax and charge details, which could be either “Add to Stock” or “Expense Type”.

Check the box in the “Select” column of the multiline to select the TCD for deletion, in the transfer receipt.

Click the Delete icon in the toolbar above the multiline to delete the TCD details in the transfer receipt.

Click the “Edit Tax / Charge Details” pushbutton, to save the tax details of the transfer receipt.

The system stores the login ID of the user and the current server date as the modified date.

The system maintains the “Account Rule” for the “TCD Code” and the “Variant” for the line item , by retrieving the information from the “TCD’ business component

The system maintains the account code and the cost center for each of the line item.

To proceed, carry out the following:

Select the “Edit References” link at the bottom of the “Edit Stock Transfer Receipt” page to enter the reference document details.

Adding the tax, charge or discount details for the transfer receipt – An Overview

Whenever the receipt is transferred, in addition to the quantity and rate, applicable taxes such as duty, sales tax and freight charges have to be specified. The taxes and charges get add to the basic value. The tax and charges vary from time to time.

The TCD Code and TCD variant are defined in the “Create TCD Code” activity of the “Taxes Charges and Discounts” business component.

This page allows you to add the tax and charges for the transfer receipt line item and transfer receipt on the whole. The system displays the details such as the transfer receipt number and the currency of the transfer receipt. You can enter the code of the TCD, its variant and rate. The system displays the TCD amount from the “Taxes Charges and Discounts” business component.

What you can do in this page

Specify Taxes and charges for part or receipt

You can specify the line number of the transfer receipt for which you need to enter the TCD details in part or to enter the transfer receipt as a whole. Tax and charge add to the basic value of the transfer receipt.

Set the “T/C Application” field as “By Line”, if you wish to add tax to the line number of the transfer receipt.

Set the “T/C Application” field as “By Document”, if you wish to add tax to the transfer receipt on the whole.