Indian localization : taxes

ssingla

joshplummer wrote:

What is so special about the India localization?

Taxes that can be applicable on Sale/Purchase Invoice indivisually or jointly with others:
a) Excise (Tax on Manufacturing)
b) VAT (Tax on Sale/Purchase within State)
c) CST (Central Sales tax for sale/purchase outside state)
d) Service Tax (Sales/Purchase of Services)
e) Service Tax - GTA (Sales/Purchase of Services in the nature of Transport of Goods)
f) TDS (Tax Deducted on Source : Simmilar to Witholding tax but with complex requirements)
g) TCS (Tax Collected on Source : Charged on Sales invoice for specific category of goods)
h) WCT (Work Contract Tax : Charged on Sales Invoice where services jointly with material is sold)
i) Octrol/Entry Tax (Tax for using infrastructure such as roads, applicable when the transport vehicle enter certain areas)
j) FBT (Fringe Benefit Tax : Tax on perks provided by company to employees which are not covered in Employees personal income tax)

Well I am just giving an idea. The setup of localization is more complex than the complete setup of the W1 database.

lally

ssingla wrote:

i) Octrol/Entry Tax (Tax for using infrastructure such as roads, applicable when the transport vehicle enter certain areas)

SIr Ji,

How to setup these Octrol/Entry Tax .

I could not find anysetups regarding Octrol/Entry Tax in indian Localization.

Could u explain some more about this

Thanks and regards

ssingla

Use charges with the option "Other Taxes"

AMITPATO

WCT (Work Contract Tax : Charged on Sales Invoice where services jointly with material is sold)

Please explain me how to use WCT in purchases.

kriki

Splitted from topic "Multiple Localizations".

ssingla

AMITPATO wrote:

WCT (Work Contract Tax : Charged on Sales Invoice where services jointly with material is sold)

Please explain me how to use WCT in purchases.

Can you please specify the requirement of the WCT as per your state law. Different states have different wct requirements