(IND) Define ledger posting groups for tax components [AX 2012]

Updated: November 5, 2012

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


This topic has not been fully updated for Microsoft Dynamics AX 2012 R2.

You can create a ledger posting group and attach tax components to the group. You can then define the ledger accounts for the tax components.

  1. Click General ledger > Setup > Sales tax > India > Tax ledger posting groups.

  2. Press CTRL+N to create a new tax ledger posting group.

  3. Enter a name for the tax ledger posting group in the Ledger posting group field.

  4. Enter a description for the tax ledger posting group in the Description field.

  5. Select India sales tax in the Tax type field.

  6. Click the Setup tab. Select the account code from the following options in the Account code field:

    • Table – Set up posting accounts for a specific sales tax registration number.

    • All – Set up posting accounts for all the sales tax registration numbers.

  7. Select the sales tax registration number in the Registration number field if you selected Table in the Account code field. The description of the sales tax registration number is displayed in the Description field.

  8. Click the Ledger accounts tab.

  9. Under the Select field group, select the account type to define ledger accounts for. The options are:

    • Payable account – Define the payable account to post the sales tax payable amount.

    • Expense account – Define the expense account to post the taxes that are paid to the vendor.

  10. On the right pane press CTRL+N to create a new line.

  11. Select the tax component to define the posting account for in the Tax component field.

  12. Select the ledger account to post the tax amount to for the tax component in the Ledger field.

  13. Press CTRL+S or close the form.

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