Setting Up the Retention Percentage and Deferred Period

Access the Add/Update State Level Constants form.

State Code

Enter a user-defined code from UDC table 00/S to specify the state to which to apply the retention percentage. Examples are:

AP: Andhra Pradesh

KA: Karnataka

Retention Percentage%

Enter the retention percentage for the state when VAT applies during interstate stock transfers.

Deferred Period (In months)

Enter the deferred period (in months) for capital goods.