(IND) Set up a payment fee type for TCS authority payments [AX 2012]

Updated: October 10, 2012

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

NoteNote

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

  1. Click Accounts payable > Setup > Payment > Payment fee.

  2. Create a payment fee. Enter the required details.

  3. Select the payment fee type in the Fee type field from the following options:

    • None

    • Interest – Charge interest on late payments made to the Tax Collected at Source (TCS) authority vendor.

      NoteNote

      In Form 27EQ, the total payment fee amount posted with a payment fee ID of the Interest fee type, with all the related transactions for the authority type of TCS, is displayed. If there is no Interest or Others amount for a particular period and relevant TCS transaction, in the generated Form 27EQ, the TCS, Surcharge, Education cess, Interest, Others, and Total tax deposit fields are filled in with 0.00.

    • Others – Include other charges on late payments made to the TCS authority vendor.

      NoteNote

      The total payment fee amount posted with a payment fee ID of the Others fee type, with all the related transactions for the authority type of TCS, is displayed.

    The Ledger option is displayed automatically in the Charge field when you select Interest or Others in the Fee type field.

  4. Select the ledger account to post the interest or the other charges to in the Ledger account field. Enter the other required details.


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).

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