Recording statutory tax default details

Recording statutory tax default details for customer

Select the “Statutory Tax Default Details” tab in the “Maintain Customer TCD Mapping” page.

Enter the following in the “Default Details” group box.

Tax #

The identification number of the tax.

The tax you specify must be in “Active” status.

This field is mandatory, if you want to specify the Tax Variant #.

Help facility available

Tax Variant #

The identification number of the tax variant.

The tax variant you specify must be in “Active” status.

This field is mandatory, if you have specified the Tax #.

Note: You must essentially specify the Tax # and Tax Variant # fields for VAT purposes, if “Statutory Tax Computation & Accounting Required” is set to “Yes” in the Company Parameter Setup component of the Finance Setup BPC. The Tax # - Tax Variant # that you specify becomes the default Tax Key for the customer and is used for invoicing.

Select the “Get” pushbutton.

The system displays the following information in the “Tax Attributes” group box for the specified Tax # and Tax Variant # combination.

Tax Key #	The identification number for the Tax # and Tax variant # combination.
Tax Appropriation	Indicates whether computation logic is inclusive or exclusive of the Tax Type.
Applicability	Indicates the transaction category that is taxable.
Tax Nature	Indicates whether tax is payable or not.
Tax Type	Indicates whether Statutory regulations are applicable for the tax.
Tax Category	The category to which the tax belongs.
Tax Class	Indicates whether the tax is applicable for goods or services.
Tax Incidence	The event/stage in the transaction when the tax is applicable.

To proceed

Select the TCD details tab to record TCD details for the customer.
Click the "Customer Tax Registration Details” tab to record tax registration details for the customer.