What options can I set while making the transaction line inclusive of tax?

You can do this at the tax regime level.

Here are the options you can select:

• Standard inclusive handling: Use this option when the line amount on the transaction line is inclusive of tax.

• Standard noninclusive handling: Use this option when the line amount on the transaction line is exclusive of tax. The tax amount is added to the line amount.

• Special inclusive handling: Use this option for special tax handling. For example, when the taxable base amount is based on the line amount and not the adjusted line amount. You can also use it when the taxable amount is based on the line amount plus another tax amount.

All taxes defined under that tax regime are inclusive for all transactions. You can also set these options at tax and tax rate level.

In some cases, parties prefer to provide or receive invoices with invoice amounts inclusive of taxes. Here, you set this option on the party tax profile for the appropriate parties. This option overrides the tax inclusive handling setting at the tax level, but not at the tax rate level.