| # Tax Utilization (tfgld9546m000) use.session.to avail the accumulated claimable CENVAT credit against the payment of the taxes. You can start this session from the specific menu of the Tax Declaration (tfgld1625m000) session. The following are the constraints to utilize CENVAT credit: The total amount paid ( Paid fromCredit available plus Paid from PLA) for each indirect tax type and position must be equal to the TotalPayable of the indirect tax type and position. The Utilization fromCredit available amount of an indirect tax type and tax position must not be more than the Total Recoverable amount. Otherwise Infor ERP LN does not allow you to continue with the process. The Utilizationfrom PLA amount of an indirect tax type or tax position must not exceed the Total Availablein PLA amount. The Utilization fromCredit available amount for a tax declaration must not exceed the Paid fromCredit available amount. Otherwise, the warning message, Total of Paid is greater than the Total Payable, is displayed. The total amount paid ( Paid fromCredit available plus Paid from PLA) for a tax declaration must be equal to the TotalPayable of the tax declaration amount. Otherwise, a warning message is displayed when you close the session. The Paid from PLA amount for a tax declaration must be equal to the Utilizationfrom PLA amount. Related topics ER1 report CENVAT credit To process tax declarations Tax utilization header details Tax Declaration Type The type of tax declaration. This field can have the following values VAT Withholding Income Tax Social Contribution Excise Not Applicable Note For India localization, the Tax declaration type must be Excise. Tax Category The type of tax. This field can have the following values Service Excise VAT Entry Tax Note For India localization, the type of tax must be Excise. Collection Office The collection office for which you prepare the tax declaration. Tax Year The tax year for which you prepare the tax declaration. Tax Period The tax period for which you prepare the tax declaration. Correction Number The correction sequence number of the current declaration. The declaration is a correction of a previous declaration. When the declaration is not a correction, this field has the value zero. Tax Declaration Number The tax declaration number. Infor ERP LN generates the number from the following details Tax year Tax period Correction number Tax declaration type Collection office Tax category Total Payable The total tax amount to be paid. Total Payable The currency code for the tax amount. You must define the amount in the local currency. Utilized from Credit The total amount utilized from the CENVAT credit accumulated. Utilized from PLA The total amount utilized from the PLA (personal ledger account), defined for the tax registration number. Balance Payable The total amount that remains to be paid. Tax utilization line details IndirectTax Type The types of tax applicable for India. This field can have the following values Service Tax Basic Excise Duty Additional Excise Duty Special Excise Duty CESS Natural Calamity Contingency Duty Basic Custom Duty Countervailing Duty Additional Duty of Customs Others AED for Textile and Textile Articles Educational CESS on CVD Educational CESS on Customs Educational CESS on Service Educational CESS on Excise Entry Tax Secondary and Higher ECess on CVD Secondary and Higher ECess on Excise Secondary and Higher ECess on Service Secondary and Higher ECess on Custom Service Tax On Transportation E Cess on Transportation Service SHE Cess on Transportation Service TaxPosition The tax position. Tax Position The name or description of the code. TotalRecoverable The total CENVAT credit amount available from the particular indirect tax type and tax position. You can utilize the same amount for payment of amounts, displayed in Total Payable field. Total Availablein PLA The closing balance amount of the previous period of tax declaration. The amount is the balance amount left after the utilization of CENVAT credit in PLA. The amounts reflected in the Payment Details (tfacp2524s000) session, are added to this field. TotalPayable The total payable amount for the particular indirect tax type and tax position. Paid fromCredit available The total amount paid from the CENVAT credit available for the indirect tax type and position selected. The field is enabled when the Tax Declaration Status is not set to Approved. You can enter the details, if necessary. Paid from PLA The total amount paid from the PLA(personal ledger account), for the indirect tax type and position selected. The field is enabled when the Tax Declaration Status is not set to Approved. You can enter the details, if necessary. Utilization fromCredit available The CENVAT credit amount utilized from the indirect tax type and tax position. The total credit available amount is displayed in the TotalRecoverable field. The field is enabled when the Tax Declaration Status is not set to Approved. You can enter the details, if necessary. Utilizationfrom PLA The amount utilized from PLA (personal ledger account), from the indirect tax type and tax position. The field is enabled when the Tax Declaration Status is not set to Approved. You can enter the details, if necessary. |