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