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.