A Tax Group is a collection of taxable entities. This article describes how to manage Tax Group in Ginesys.
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title | Use of Tax Group in Group properties Under General Category |
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Tax Group is a collection of tax slabs as defined in the tax rates. So for Tax Group "VAT" there may be various Tax Rates (5%, 10% and 12%) for different items. So while creating the Tax Rate Master, users may create a VAT5, VAT10, VAT12 individually although they will all be under the VAT Tax Group. |
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title | Add Tax Group - It allows for creation of Tax Groups |
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Pre-requisitesPrerequisites- The users' role must have access to the Tax Group feature by enabling Add app operation for the feature in Admin - Security - User - Role through Inventory - Product Definition - Tax Definition.
Step-by-step guideThe process is divided in the following steps:
- Go to Inventory > Product Definition > Tax Definition > Tax Group.
- Tax Group window opens.
- Click on Add button.
- Add Tax Group window opens.
Image Added - Put in Tax Group (mandatory field) and Remarks.
- Click on Save button to save the Tax Group.
- You will get a message "Record Saved Successfully".
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title | Edit Tax Group - It allows modification and making tax group 'Extinct' |
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Pre-requisitesPrerequisites- The users' role must have access to the Tax Group feature by enabling Modify app operation for the feature in Admin - Security - User - Role through Inventory - Product Definition - Tax Definition.
- Tax Group must be created.
Step-by-step guideThe process is divided in the following steps: - Go to Inventory > Product Definition > Tax Definition > Tax Group.
- Tax Group window opens.
- Click on Action > Edit (or double click on the row to edit)
- Edit Tax Group window opens and the records populate automatically in particular fields.
- Edit the require field.
- Click on Save button to save the edited record.
- You will get a message "Record Saved Successfully".
- If you click on This record is extinct, then the record will be deactivated.
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To go back to the main page click on How To: Define Taxes in Inventory
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