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This page allows you to create codes for TCD. Tell me more
Select the “Create TCD Code” link under the “Taxes Charges and Discounts” business component.
The “Create TCD Codes” page appears.
The system displays the following field:
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Date Format |
The format in which the date fields appears in this page. This format is displayed from the "User Preferences" business component based on the login user id. In case the format is not defined, the system displays the date format from the “Enterprise Modeling” business component by default. |
Enter the following in the “TCD Details” group box:
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TCD # |
A unique identifier denoting the TCD (Alphanumeric, 25). This can be a combination of characters and digits. Mandatory. |
The system displays the following field on clicking the “Create TCD Code” pushbutton:
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Status |
The status of the TCD code, which could be "Active". |
Enter the following fields:
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TCD Description |
The textual description of the TCD (Alphanumeric, 80). Mandatory. |
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TCD Type |
Use the drop-down list box to specify the type of TCD. The TCD can be of type “Tax”, “Charge” or “Discount”. The system sets the field to “Tax” by default. |
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Basis |
Use the drop-down list box to select the basis for TCD computation. TCD can be calculated as a “Percentage”, “Unit Rate” or as a “Flat” amount. The system sets the field to “Percentage” by default. |
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Effective From |
The date starting from which the TCD code is effective (Alphanumeric, 15). Mandatory. The date entered here must be in the format displayed in the “Date Format” field. The system sets the current system date by default. |
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Effective To |
The date until which the TCD remains effective (Alphanumeric, 15). Mandatory. The date entered here must be in the format displayed in the “Date Format” field and must not be earlier than the “Effective From” date. |
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TCD Category |
Use the drop-down list box to select the category to which the TCD belongs. The system lists all the TCD categories that are created for TCD in the “Logistics Common Master” business component. The system leaves the field blank by default. |
If the TCD is computed as a percentage, check one of the following boxes in the “Applicable On” group box:
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Total Value |
Check this box to compute the TCD amount on the Total Value. See “Overview” for an example. |
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Basic Value |
Check this box to enable the TCD Code to apply on Basic Value to compute the TCD amount. See “Overview” for an example. |
If both the boxes are left unchecked, the TCD Code can be applicable on “TCD Codes” only.
Enter the following in the “TCD Variant Details” multiline:
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TCD Variant # |
The variant of the TCD (Alphanumeric, 25). Ensure that the variant is a positive integer and is unique in the multiline. |
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TCD Variant Description |
The description of the TCD variant (Alphanumeric, 80). Data entry in this field is mandatory if the “TCD Variant #” field is entered. |
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Variant Value |
The value of the variant. Data entry in this field is mandatory if the “TCD Variant #” field is entered (Decimal). If the “TCD Type” is set as “Discount”, the value entered in this field should not exceed hundred. |
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Tax Key |
The code identifying the combination of the TCD # and the TCD Variant #. |
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Tax Key Description |
The description of the tax key. |
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Effective From |
The date starting from which the TCD variant is effective (Date Format). The date entered here must be in the format displayed in the “Date Format” field. This date should be later than or equal to the “Effective From" date specified for the TCD. |
Note: If “TCD Variant” field is entered and "Effective From" field is null, then the system defaults it with the value of “Effective From” field entered in the “TCD Details” group box.
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Effective To |
The date until which the TCD variant remains effective (Date Format). If you leave this field blank, the system sets this field to the “Effective To" date specified for the TCD. |
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Account Rule |
Use the drop-down list box to select the account rule. The system provides the options ”Add To Stock” and ”Expense”. The system sets “Expense” as default. |
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The system displays the following field on clicking the “Create TCD Code” pushbutton:
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Variant Status |
The status of the variant, which is “Active”. |
Check the box in the “Select” column of the multiline to mark the TCD variant for deletion.
Click the Delete icon in the toolbar above the multiline, to delete the TCD variant selected in the multiline.
Click “Create TCD Code” pushbutton to create TCD code along with the variants entered in the multiline.
To proceed, carry out the following
Select the “Map TCD Codes” link at the bottom of the page to map the TCD code to other related TCD codes.
Creating TCD Codes - An overview
This page allows you to create codes for TCD. TCD with similar characteristics, application criteria and type, are grouped to form a “TCD Code”. The TCD code can be of type “Tax”, “Charge” or “Discount” and can be calculated as a percentage, unit rate or a flat amount.
You can associate the TCD to a user-defined category. The TCD amount can be calculated on the “Total Value” or the “Basic Value”.
Basic value is the amount payable to supplier without any TCD. It is calculated as Quantity * Unit Rate. Total Value is the summation of basic value and all TCDs.
TCD Amount Calculation
Calculations are performed during the generation of order or invoice.
Consider the following scenario:
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Description |
Value |
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Variant Value |
5 |
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Basic Value |
100 |
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Quantity |
50 |
As a Percentage on Basic Value
The system uses the following formula:
Variant value / 100(percentage) * Basic Value.
5 / 100 * 100 = 5
TCD Amount = 5
As a Percentage on Total Value
The system uses the following formula:
TCD Amount = Total Value – Basic Value
Where, Total Value is computed as:
Total Value = Basic Value + Variant value / 100(percentage) * Total Value
Therefore,
Total Value = 100 + (5/100) * Total Value
Total Value (1- 0.05) = 100
Or, Total Value = 100 / 0.95 = 105.26
Hence,
TCD Amount = 105.26 – 100.00 = 5.26
As a Unit Rate
The system uses the following formula:
TCD Amount = Quantity * Variant Value
TCD Amount = 50 * 5 = 250
Therefore, TCD Amount = 250
As a Flat amount
TCD Amount = Variant Value
Therefore, TCD Amount = 5
Calculate the TCD Amount on the Basic Value or Total Value
You can define the various actual values or rates of the TCD. You can define the variant details for each organization unit.
Go to “Create TCD Codes” page.
After entering the fields in the “TCD Details” group box, enter the variants of the TCD in the “TCD Variant Details” multiline.
Calculate the TCD Amount on the Basic Value or Total Value
You can calculate the TCD amount based on the Basic Value or Total Value.
Refer to the topic “Creating TCD Codes - An overview” for more details.
Go to “Create TCD codes” page.
Check the appropriate box in the “Applicable On” group box.