(IND) Set up a VAT commodity code [AX 2012]

Updated: April 23, 2012

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

Commodity codes for value-added tax (VAT) can be created for various inventory items, based on codes that are assigned by the state in India. For each item on a sales invoice, you can print the group commodity code and the state commodity code.

To enable VAT-related features, select the VAT check box in the Sales tax area of the General ledger parameters form.

  1. Click Product information management > Common > Released products.

  2. Select a product, and then click VAT commodity codes.

  3. Press CTRL+N to create a VAT commodity code.

  4. In the VAT commodity code field, enter a VAT commodity code for an item.

  5. In the Description field, enter a brief description for the code.

  6. In the State field, select the state to attach the VAT commodity code to.

  7. In the Item number field, view or modify the item for the VAT commodity code.

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