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Please enlighten me about how to configure INDIA TAX(VAT, CST,SERVICE tax) in Ax2012R2. In india we have VAT and CST for the same item (if we purchase from two vendors who is in home state and outside the state ) the taxes are different. I have gone through various documents and understood that 1) I have to configure SALES TAX GROUP and attach SALES TAX CODES 2) configure ITEM SALES TAX GROUP and attach to SALES TAX CODES. 3) Map SALES TAX GROUP against each vendor/customer 4) Map ITEM SALES TAX GROUP to items in the item master.
But I am not able to understand that what are the different SALES TAX GROUP, ITEM SALES TAX GROUP, SALES TAX CODE ..etc I have to create. Most of the example I got is an US scenario. Can any one please help me in showing an INDIAN scenario.
Pls enlighten me in the following
1. After installing Ax2012R2 , whether I have to install any patches to activate INDIA localization
2. What/which all masters (menu option) Do I update
3. What are the different SALES TAX GROUP, ITEM SALES TAX GROUP, SALES TAX CODE ..etc I have to create
4. How CST will be addressed in Ax2012R2. Is it state wise ?
5. How is Service tax and other charges is configured Ax2012R2
Thanks in Advance
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Biju, Pl check this link. This could help you.
technet.microsoft.com/.../jj664559.aspx
You can also check details in customer source
mbs.microsoft.com/.../GFMLocalizationPortalMC
Answers to your questions
1. There are few hotfixes on top of IND localization which solves some of the problems
mbs.microsoft.com/.../India.html
For your questions from 2-5 it depends on business.
-- If business in a single state then no need of Excise duty setup
-- If business has import & export then you need to setup for EXIM also, which includes other forms,
-- For CST you have to setup Form 'C' if it is applicable for your business.
-- For VAT you have to setup Input, output (purchase & sales) vat with varying percentage depends on the purchases (purchase for business, fixed asset etc).
-- For some purchase tax (like stationery, electrical - for office use) etc. there could be different setup.
I suggest you to consult with the accountant / finance head of the client/company who can provide you more inputs.
Though this may be a late reply, this could help others as well.
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