Item Master – Duty & Tax

Duty and tax deals with the item's corporate responsibilities like VAT, CENVAT, excise, etc.

Fields & its Description: In Duty, Excise and CENVAT Applicable, specify if the item is subject to duties, excises and CENVAT taxes respectively.

Tax Table

Select the tax table where the item belongs from this field.

Tax Type Changeable

There will be instances where the item might require a different tax type setting and this must indicated in this field.

VAT Commodity

Stock items will be covered by a VAT commodity and you are advised to specify it for this particular item.

Duty Table

Duty tables are used to define various taxes, select the duty table where this item belongs.

VAT Claim Type

Claiming VAT may be of various types and you can specify this by selecting any of the given options. There are choices for reclaiming and exemptions along with credit based VAT claims. If none of the options are applicable then select None.

Duty Tariff

This is the government prescribed duty tariff for the products which are usually grouped.

Excise Form Type

Specify the unique excise form type of the item here.

Contents

Revisions

May 20, 2015 @ 07:18:53 [Current Revision] by vv
May 20, 2015 @ 07:18:53 by vv
May 20, 2015 @ 07:18:13 [Autosave] by vv
May 20, 2015 @ 07:07:40 by vv
May 20, 2015 @ 07:04:24 by vv
May 20, 2015 @ 07:01:27 by vv
May 20, 2015 @ 05:20:47 by vv
May 20, 2015 @ 05:18:28 by vv
May 20, 2015 @ 05:01:17 by vv
May 20, 2015 @ 04:50:38 by vv
May 20, 2015 @ 04:49:53 by vv
May 20, 2015 @ 04:34:17 by vv

Revision Differences

--- May 20, 2015 @ 04:50:38
+++ Current Revision
 Unchanged: Duty and tax deals with the item's corporate responsibilities like VAT, CENVAT, excise, etc.
 Unchanged: <a href="http:// help.goodbookserp.com/wp- content/uploads/2015/05/im- dt.png"><img class="alignnone size-full wp-image-3598" src="http://help.goodbookserp.com/ wp-content/uploads/ 2015/05/im-dt.png" alt="im-d&amp;t" width="981" height="287" /></a>
 Unchanged: &nbsp;
 Unchanged: <strong>Fields &amp; its Description:</strong>
+Added: In <strong>Duty, Excise</strong>  and <strong>CENVAT Applicable,</strong> specify if the item is subject to duties, excises and CENVAT taxes respectively.
 Unchanged: <ul>
-Deleted:  <li><strong>Duty Applicable</strong></li>
+Added:  <li><strong>Tax Table</strong></li>
 Unchanged: </ul>
+Added: Select the tax table where the item belongs from this field.
+Added: <ul>
+Added:  <li><strong>Tax Type Changeable</strong></li>
+Added: </ul>
+Added: There will be instances where the item might require a different tax type setting and this must indicated in this field.
+Added: <ul>
+Added:  <li><strong>VAT Commodity</strong></li>
+Added: </ul>
+Added: Stock items will be covered by a VAT commodity and you are advised to specify it for this particular item.
+Added: <ul>
+Added:  <li><strong>Duty Table</strong></li>
+Added: </ul>
+Added: Duty tables are used to define various taxes, select the duty table where this item belongs.
+Added: <ul>
+Added:  <li><strong>VAT Claim Type</strong></li>
+Added: </ul>
+Added: Claiming VAT may be of various types and you can specify this by selecting any of the given options. There are choices for reclaiming and exemptions along with credit based VAT claims. If none of the options are applicable then select <em>None.</em>
+Added: <ul>
+Added:  <li><strong>Duty Tariff</strong></li>
+Added: </ul>
+Added: This is the government prescribed duty tariff for the products which are usually grouped.
+Added: <ul>
+Added:  <li><strong>Excise Form Type</strong></li>
+Added: </ul>
+Added: Specify the unique excise form type of the item here.
+Added: &nbsp;
+Added: &nbsp;
 Unchanged: &nbsp;
 Unchanged: &nbsp;
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Revisions

Revision Differences