G/L Posting Category (UDC Table 41/9)
Set up values in this UDC table to represent the excise duty, value-added tax (VAT), and sales taxes that you process. The system uses the values from the UDC table 41/9 to determine the general ledger accounts for the monetary amount of inventory transactions for an item.
The values for the UDC table 41/9 are not hard-coded. Examples of values for Indian taxes include:
Codes |
Description |
---|---|
AED |
Additional excise duty |
BED |
Basic excise duty |
CESS |
Education cess |
ECD |
Education cess duty |
SAT |
Sales tax |
VAT |
Value-added tax |