Howdy, Stranger!
Categories
- All Categories
- 73 General
- 73 Announcements
- 66.5K Microsoft Dynamics NAV
- 18.5K NAV Three Tier
- 38.4K NAV/Navision Classic Client
- 3.6K Navision Attain
- 2.4K Navision Financials
- 115 Navision DOS
- 854 Navision e-Commerce
- 1K NAV Tips & Tricks
- 772 NAV Dutch speaking only
- 615 NAV Courses, Exams & Certification
- 2K Microsoft Dynamics-Other
- 1.5K Dynamics AX
- 267 Dynamics CRM
- 109 Dynamics GP
- 10 Dynamics SL
- 1.5K Other
- 992 SQL General
- 384 SQL Performance
- 33 SQL Tips & Tricks
- 34 Design Patterns (General & Best Practices)
- Architectural Patterns
- 10 Design Patterns
- 5 Implementation Patterns
- 53 3rd Party Products, Services & Events
- 1.7K General
- 1.1K General Chat
- 1.6K Website
- 79 Testing
- 1.2K Download section
- 23 How Tos section
- 259 Feedback
- 12 NAV TechDays 2013 Sessions
- 13 NAV TechDays 2012 Sessions
Options
US VAT Calculation Query
Sksharma
Member Posts: 2
Hi,
In US localization GST is applicable on goods and service sale and purchase, it is calculated through VAT Posting Set up.
Then what is the use of Tax Area, Tax Group and Tax details in VAT calculation in US database?
Thanks
In US localization GST is applicable on goods and service sale and purchase, it is calculated through VAT Posting Set up.
Then what is the use of Tax Area, Tax Group and Tax details in VAT calculation in US database?
Thanks
0
Comments
US uses tax area codes for tax rates and tax reporting - each area sets its own rates.
Each tax area can have different tax rules for different classes of items and services.
This is why products like Avalara have become popular - that calculate the correct taxes in their back end engine and handle tax reporting
http://mibuso.com/blogs/davidmachanick/