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This article describes how to manage the Tax Rate Master.




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titleAdd Tax Rates

Prerequisites

  1. The users' role must have access to the Tax Rates feature by enabling Add app operation for the feature in Admin - Security - User - Role through Inventory - Product Definition - Tax Rates.
  2. Tax Group and Tax Region must be created.
  3. Form must be created.

Step-by-step guide

The process is divided in the following steps:

  1. Go to Ginesys Web> Inventory > Product Definition > Tax Definition > Tax Rates.
  2. Tax Rates module will open.
  3. Click on Add button.
  4. Add: Tax Rate Details window will open.

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     5. You will get four section in the Tax Rate main form - Header Information, Tax Information, Ledger Information and Slab Information.

     6. Header Information :

                a. Select the Tax Group (Mandatory Field) for which you want to create the Tax Rate.

                b. Select a Tax Region (Mandatory Field) which is already created.

                c. Select Trade Group Name (Mandatory Field) and Form Name (Mandatory Field) from the drop-down list.

     7. Tax Information :

                a. Put in Tax Name (Mandatory Field) and Tax Rate (Mandatory Field).

                b. Select Effective Date (Mandatory Field).

                c. Click on the Tax Slab applicable To activate Slab Information.

     8. Ledger Information:

                a. Select Sales tax ledger and Sales Sub Tax Ledger from the drop-down list.

                b. Similarly, select Purchase Tax ledger and Purchase Tax Sub Ledger.

     9. Slab Information :

                a. Select Tax Charged On from the given options.

                b. Click on Add Row.

                c. Put in Range Description.

                d. Select Sales tax ledger, Sales Tax Sub Ledger, Purchase Tax ledger, Purchase Tax Sub Ledger from the available options.

                e. Put in Amount from & Rate (%).

     10. Click on the Save button to save Tax Rate. You will get a message - "Record Saved Successfully."



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titleEdit Tax Rates

Prerequisites

  1. The users' role must have access to the Tax Rates feature by enabling Add app operation for the feature in Admin - Security - User - Role through Inventory - Product Definition - Tax Rates.
  2. Tax Rates must be created.

Step-by-step guide

The process is divided in the following steps:

  1. Go to Ginesys Web> Inventory > Product Definition > Tax Definition > Tax Rates.
  2. Tax Rates module will open.
  3. Previously created Tax rates will be listed here.
  4. Select the Tax Rate from the list.
  5. Go to Action > Edit or you can double click on the selected one.
  6. All others details will be populated in the particular fields. 
  7. Modify the required fields as per your requirement.
  8. Click on the Save button to save modified AR Voucher. You will get a message - "Record Modified Successfully."


To go back to the main page click on How To: Define Taxes in Inventory