Setting Up a Level Cost for a Combination of Tax Type and Tax Regime

Access the Tax P2P Setup form.

Level Cost

Enter a user-defined code from UDC table 40/CA that designates the add-on cost. This code also specifies the sequence of the cost add-ons for a particular item or group of items. Examples are:

2: Packing and forwarding charges

3: Excise Duty

4: Education CESS 2%

Recoverable

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

N: Not Recoverable

Y: Recoverable

Deferred

Enter a user-defined code from UDC table 75I/FD to indicate whether the tax type is deferred. Values are:

N: Not deferred

Y: Deferred