Setting Up a GST Rule

Access the GST Rule Setup form.

GST Rule

Enter a value from the GST Rule UDC table (75I/RL) that identifies the GST rule.

Recoverable

Enter a user-defined code from the Recoverable Flag UDC table (75I/RF) to indicate whether the GST type is recoverable. Values are:

N: Not Recoverable

Y: Recoverable

If you enter Y in this field, the system enables the Reverse Charge fields, and you must enter values in these fields.

Effective Date

Enter the date when the GST rule becomes effective.

Expiration Date

Enter the expiration date for the GST rule.

Reverse Charge

Enter a user-defined code from the Reverse Charge Flag UDC table (75I/RV) to indicate whether reverse charge applies for the GST type.

The system enables this field only when you enter a value of Y in the Recoverable field. This is a mandatory field if enabled.

If you enter Y in this field, the system enables the Provider Percentage and Receiver Percentage fields.

Provider Percentage

Enter a number that identifies the percentage of tax that should be assessed or paid to the corresponding tax authority by the goods or service provider. Enter the percentage as a whole number and not as the decimal equivalent. For example, to specify 7 percent, enter 7, and not .07.

The system enables this field only when you enter a value of Y in the Reverse Charge field.

Receiver Percentage

Enter a number that identifies the percentage of tax that should be assessed or paid to the corresponding tax authority by the goods or service receiver. Enter the percentage as a whole number and not as the decimal equivalent. For example, to specify 7 percent, enter 7, and not .07.

The system enables this field only when you enter a value of Y in the Reverse Charge field.