Adding tax and charges for inter warehouse stock transfer
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This page allows you to enter the reference information for the inter warehouse stock transfer. Tell me more
Select the “Edit Tax /Charge Details” link under the “Edit Shipping Details” page.
The “Edit Tax/Charge Details” page appears.
The system displays the following in the “Stock Transfer Information” group box:
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Stock Transfer # |
The number identifying the stock transfer for which you wish to add the tax and charges details |
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Status |
The status of the stock transfer, which could be “Draft” or “Fresh” |
Enter the following:
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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”. |
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The system displays “By Document” by default. |
The system displays the following:
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TCD Value |
The total TCD amount of the stock transfer |
Enter the following in the “Tax Charge Information” multiline:
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TCD # |
The code that identifies the tax, charge or discount for the part to be transferred (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. |
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TC D Variant # |
The variant of the standard tax, charge or discount value (Alphanumeric, 25). Mandatory. These variants are mapped to the TCD codes in the “Tax Charges and Discounts” business component. |
For example, 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:
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TCD Type |
The Tax Charge Discount type, which could be tax or charge |
Enter the following:
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TCD Rate |
The Tax Charge Discount rate (Decimal). |
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For example, if the basis is Flat, then the flat amount can be entered here. If it is not specified, then the rate specified in the “Tax, Charges and Discounts” business component will be taken for the TCD # - TCD Variant #. If the basis is Percent or Unit rate, the rate specified in this page is ignored and the rate specified in the “Tax, Charges and Discounts” business component for the TCD # - TCD Variant # will only be taken |
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The system displays the following:
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TCD Amount |
The Tax Charge Discount amount. This is calculated by the system as per the rate considered, from the ”Taxes Charges and Discount” business component. |
Enter the following:
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Pay to Supplier |
The supplier to whom the payment is to be made. Help facility available. |
Note: Ensure that the Pay to Supplier is a valid supplier and as defined in the interacting “Supplier” business component.
Click the “Edit Tax /Charge Details” pushbutton, to save the tax details of the stock transfer.
The system stores the login ID of the user and the current server date as the modified date.
The system maintains the account code and the cost center for each of the line item.
Adding tax and charges for inter warehouse stock transfer – An overview
Whenever the stock transfer is transferred, , applicable taxes such as duty, sales tax and charges such as freight charges can be specified in addition to the part details. The taxes and charges are added to the basic value. The Tax, Charges and the Discount (TCD) vary from time to time.
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 only the tax and charges for the stock transfer line item and stock transfer on the whole. The system displays details such as the transfer number and the status of the stock transfer. You can enter the code of the TCD, its variant and rate. The system displays the TCD amount, calculated from the “Taxes Charges and Discounts” business component.
Specify taxes and charges for part or the transfer document
Specify Taxes and charges for part or the Transfer document
You can specify the line number of the stock transfer for which you need to enter the part TCD details or to enter the transfer document on the whole. Tax and charge are added to the basic value of the stock transfer.
4Set the “T/C Application” field as “By Line”, if you wish to add the tax to the line number of the transfer document.
Set the “T/C Application” field as “By Document”, if you wish to add the tax to the transfer document on the whole.