(IND) Item sales tax groups (modified form)

  • Article

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2

Click General ledger > Setup > Sales tax > Item sales tax groups.

Use this form to set up and maintain item sales tax groups.

Because sales tax is generally determined by the goods, you can indicate how the sales tax is calculated for the goods.

Note

The controls that are described in this topic apply only to your country/region. For full documentation of this form, see the following topic or topics:

Item sales tax groups (form)

Buttons

Button

Description

Formula designer

Open the Formula designer form, where you can define the formula for how taxes are calculated for the selected item sales tax group. You can set up the tax codes in a hierarchical structure for the formula.

Fields

Field

Description

Accounting basis

Select the accounting basis to use to calculate service tax. The accounting basis type that is available for a service tax group is determined by the setting in the Accounting basis field in the Sales tax area of the General ledger parameters form, and by the sales tax codes that are available. This field contains the following options:

  • None – No sales tax codes that have the Service tax type are available.

  • Point of taxation basis – This option is available only if Point of taxation basis only or Both is selected in the Accounting basis field in the General ledger parameters form.

  • Cash basis – This option is available only if Cash basis only or Both is selected in the Accounting basis field in the General ledger parameters form.

If Both is selected in the Accounting basis field in the General ledger parameters form, you can select a setting in this field. If Point of taxation basis only or Cash basis only is selected, the accounting type is limited to the corresponding accounting type. You cannot change the accounting type when you create a new item sales tax group.

If, for example, Point of taxation basis only is selected in the General ledger parameters form, this field is not available. The setting is either Point of taxation basis or None, depending on whether a sales tax code is available that has a Service tax type.

Concessional value

The concessional value for excise for the SSI (Small Scale Industries) vendor. You can enter a value that contains up to five decimal places.

Preferential value

Enter the preferential value for customs tax codes. You can enter a value that contains up to five decimal places.

Load on inventory

Select this check box to allocate the tax amount to the cost of inventory. Use this field only during upgrade. The load on inventory tax amount is then charged to the import duty expense account.

This check box is not available for tax codes that reference customs duties.

Abatement %

Enter the percentage to be deducted from the taxable basis before tax is calculated.

Charge as expense %

Enter the percentage of tax that is not allocated to the cost of inventory, but that is charged to the expense account. You can post the tax amount that is charged as an expense, and you can post it to the import duty expense account by using the Charge as expense document voucher form.

If you leave this field blank, the default value is 0 (zero), and the total amount of customs duty is allocated to the cost of inventory.

See also

(IND) Create item sales tax groups

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