Creating Tax Determining Factor Sets for each Tax Classification Code
Go to Manage Tax Determining Factor Sets to create the Tax Determining Factors for each tax classification code.
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| Creating Tax Determining Factor Sets for each Tax Classification Code |
Click on the ‘+’ icon to create the new
We will create the Tax Determining Factors for these below Tax Classification codes
1. Local 5% Local 5% Deter Factor Set
2. Local 12% Local 12% Deter Factor Set
3. Local 18% Local 18% Deter Factor Set
4. Local 28% Local 28% Deter Factor Set
5. Other State Purchase 5% Other State Purc 5% Detr Fact
6. Other State Purchase 12% Other State Purc 12% Detr Fact
7. Other State Purchase 18% Other State Purc 18% Detr Fact
8. Other State Purchase 28% Other State Purc 28% Detr Fact
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| Creating Tax Determining Factor Sets for each Tax Classification Code |
Creating Tax Determining Factors for Tax Classification Code ‘Local 5%’
Tax Determining Factor Set Code: Local 5% Deter Factor Set
Tax Determining Factor Set Name: Local 5% Deter Factor Set
Tax Regime Code: INDIA GST1
Determining Factor Class: ‘Transaction input Factor’
Determining Factor Name: ‘Tax Classification Code’
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| Creating Tax Determining Factor Sets for each Tax Classification Code |
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