| # Handling complex tax structure for transactions In addition to the indirect taxes for each duty type, tax is calculated on tariff price specific to each duty type and also on another tax. Example: Basic Excise Duty (BED) and Additional Excise Duty (AED) are calculated on the assessable value or tariff price defined for Excise. The Basic Customs Duty and Additional Duty of Customs are calculated on the assessable value defined for Customs. Educational CESS on Excise and SHE CESS on Excise are calculated on the sum of BED and AED. Central Sales Tax (CST) is calculated on the cumulative of tariff price and all other taxes applicable to the transaction. To represent the complex tax structure, the aggregate tax code is used. The Aggregate Taxes (tctax9141m00l) session allows you to do the following: Define the origin of the amount on which tax must be calculated. Add singular tax codes to the layer. Select the layers on which the tax must be calculated. Define the maximum taxable amount on which tax must be calculated at the specified tax rate. The maximum number of layers that can be defined for an aggregate tax code is 10. You can use the sequence numbers defined for a layer, to add more tax codes. You can use the Tax Simulator (tctax9141m30l) session to test the aggregate tax code and to view the possible tax amounts. The Tax Breakdown Structure (tctax9141m10l) session is used to view the actual tax amounts for an order line. |