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Finance | Project Operations, Human Resources, ...
Answered

Fixed GST amount assignment to a product

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Posted on by 135

Dear All,

I want to assign the fixed sales tax amount in figure rather than percentage to products in D365 FO. One way is to create the sales tax code with fixed amount through "Amount per unit" in calculation parameter, add this in a item sales tax group and assign to product. in my case there are 15 thousand products having fixed GST amount and each GST amount are unique means different like $50,$55,$90 etc any amount so in this way I need to create 15 thousand item sales tax groups and then attach each to products individually.

Is this is the right way to assign the fixed GST amount to product or is there any other way.

Is there is a possibility to assign the Fixed GST amount directly on a product.

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  • Verified answer
    OsmanIstanbul Profile Picture
    2,818 on at
    RE: Fixed GST amount assignment to a product

    Hi,

    there is not such an out of box configuration for fixed GST on items but I wonder how do you have 15K different tax types, I mean, how do you get these 15k+ fixed gst? Does the tax authority provide you with each item's fixed tax really?? Don't you have any logic to calculate this tax?

    Best

  • Afazal Profile Picture
    135 on at
    RE: Fixed GST amount assignment to a product

    Yes, gov will provide 15k gst amount item wise.

  • OsmanIstanbul Profile Picture
    2,818 on at
    RE: Fixed GST amount assignment to a product

    Hi,

    Sorry, Perhaps I could have stated things more clearly. It appears you misunderstood. What I was intending to say was: instead of importing all fixed amounts, maybe there is a rule for calculating these amounts in the tax engine of 365.

    Best.

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