| # Tax Simulator (tctax9141m30l) Use this session to test an aggregate tax code and view the actual taxes before using the aggregate tax code in a transaction. You can use the Tax Breakdown command to view the taxes of an anticipated transaction in a specified shipment and receipt date. In As Is Sale of an excisable item, all the excise related taxes are taken from the purchase order against which the item is received. Only Central Sales Tax (CST), Local Sales Tax (LST) and Value Added Tax (VAT) are re-calculated. The Tax Breakdown shows the excise related duties that are entered in the Duty fields and only the CST, LST and VAT are calculated on the amounts entered in the Amounts group box. To test an aggregate tax code for an As Is Sales scenario, you must take the following steps: Select the As Is Sales checkbox. All the fields in the corresponding group box are enabled. In the Duty type fields, select the excise related duties that are listed in the purchase order against which the item is received. In the Duty fields, enter the amount of duty for the corresponding duty type. You must enter the value specified in the purchase order against which the item is received. Related topics Introduction to GST Master data set-up Impact of GST on the Purchase Order process Impact of GST on the Sales Order process Impact of GST on the Warehouse Transfer process Impact of GST on the Maintenance lines Impact of GST on Project processes Impact of GST on Service processes Impact of GST on Customer Claim process Impact of GST on Supplier Claim process The Input Tax Credit process Aggregate Taxes Tax Country The tax country. Use the browse arrow to select a country from the Countries (tcmcs0510m000) session. Tax Country The description or name of the code. Tax Code The aggregate tax code. Use the browse arrow to select an aggregate tax code from the Tax Codes by Country (tcmcs0536m000) session. Note If the GST Implemented check box is selected in the India Localization Parameters (tccom9136m00l) session, Infor LN defaults the tax code applicable for the receiving address state. The tax code must be of type aggregate tax code. Tax Code The description or name of the code. Date The date on which the tax code will be used in a transaction. Amounts Order Line Price The price of the item that will be specified in the order line of a transaction. Assessable Value Excise The assessable value of the item that is used to calculate the excise duties. Customs Value The customs value of the item that is used to calculate customs duty. Assessable Value VAT The assessable value of the item that is used to calculate VAT. Assessable Value GST The assessable value, in the inventory unit. Maximum Retail Price The maximum retail price of the item that is used to calculate excise duty. Assessable Value Service Tax The assessable value of the item that is used to calculate service tax. Retail Sales Price The retail sales price of the item. Tariff Price The tariff price of the item that is used to calculate excise duty. Currency Price Currency The currency code in which the transaction amounts are specified. Price Currency The description or name of the code. Rate Date The date that is used to determine the exchange rate for the specified currency code. Rate Type The rate type. Miscellaneous Ship / Receive Date The actual date of shipment or receipt. For each tax code in the aggregate tax, LN uses the tax rates that are effective on this date. Used Goods If this check box is selected, the item is a used capital item. As Is Sales As Is Sales If this check box is selected, the aggregate tax is used to test an As Is Sales scenario and view the tax amounts. All the fields in the As Is Sales groupbox are enabled. Duty Type 1 The type of indirect tax that is specified in the purchase order against which the item was received. You must select only excise related taxes. Duty Type 2 The type of indirect tax that is specified in the purchase order against which the item was received. You must select only excise related taxes. Duty Type 3 The type of indirect tax that is specified in the purchase order against which the item was received. You must select only excise related taxes. Duty Type 4 The type of indirect tax that is specified in the purchase order against which the item was received. You must select only excise related taxes. Duty Type 5 The type of indirect tax that is specified in the purchase order against which the item was received. You must select only excise related taxes. Duty Type 6 The type of indirect tax that is specified in the purchase order against which the item was received. You must select only excise related taxes. Duty Type 7 The type of indirect tax that is specified in the purchase order against which the item was received. You must select only excise related taxes. Duty Type 8 The type of indirect tax that is specified in the purchase order against which the item was received. You must select only excise related taxes. Duty Type 9 The type of indirect tax that is specified in the purchase order against which the item was received. You must select only excise related taxes. Duties Duty 1 The amount of duty for the duty type specified in the Duty Type 1 field. You must enter the same amount that is specified for the corresponding duty type in the purchase order against which the item was received. Duty 2 The amount of duty for the duty type specified in the Duty Type 2 field. You must enter the same amount that is specified for the corresponding duty type in the purchase order against which the item was received. Duty 3 The amount of duty for the duty type specified in the Duty Type 3 field. You must enter the same amount that is specified for the corresponding duty type in the purchase order against which the item was received. Duty 4 The amount of duty for the duty type specified in the Duty Type 4 field. You must enter the same amount that is specified for the corresponding duty type in the purchase order against which the item was received. Duty 5 The amount of duty for the duty type specified in the Duty Type 5 field. You must enter the same amount that is specified for the corresponding duty type in the purchase order against which the item was received. Duty 6 The amount of duty for the duty type specified in the Duty Type 6 field. You must enter the same amount that is specified for the corresponding duty type in the purchase order against which the item was received. Duty 7 The amount of duty for the duty type specified in the Duty Type 7 field. You must enter the same amount that is specified for the corresponding duty type in the purchase order against which the item was received. Duty 8 The amount of duty for the duty type specified in the Duty Type 8 field. You must enter the same amount that is specified for the corresponding duty type in the purchase order against which the item was received. Duty 9 The amount of duty for the duty type specified in the Duty Type 9 field. You must enter the same amount that is specified for the corresponding duty type in the purchase order against which the item was received. Tax Breakdown Starts the Tax Breakdown Structure (tctax9141m10l) session which displays the total tax amount for the specified aggregate tax code. In case of As Is Sales, only the Central Sales Tax (CST), Local Sales Tax (LST) and Value Added Tax (VAT) are calculated. |