Maintain Item Model and Tax Denomination – Invoice Level

Initially, item model and tax denomination will be retrieved from invoice line fields, if there is no value at transaction line level field, and then they will be retrieved from GDF in master item.

These Receivables Invoice Line fields are used to maintain Item Model and Tax Denomination:

• Product Fiscal Classification

  This field is used for Item Model of inventory items. Values maintained under the product fiscal classification code, which category set is assigned to the functional area VAT Invoices for China, will be considered as valid item model for inventory items.

• Product Category
• Transaction Business Category

To create the inventory catalog for GTA, follow these steps:

1. Click Navigator, Setup and Maintenance, Manage Functional Area Catalogs.
2. Click Create to enter the required information, and assign to the functional area, VAT Invoices for China.
   • Assign items to leaf level categories only
   • Enable duplicate category names
   • Allow multiple item category assignments
   • Enable deletion of item category assignments
   • Enable hierarchy for catalog
   • Enable date level control for item category assignments
   • Default Category Required
3. Create the category hierarchy:
   1. Enter Category Name.
   2. Enter Category Code.
   3. Provide a description of the category in the Description field.
   4. Select the Start Date and End Date for the category hierarchy.
   5. Check the Restrict category to item assignment only box, if needed.
   6. Click OK to save your changes.
   7. In the Edit Functional Area Catalog page, select the category hierarchy.
4. Create a Product Fiscal Classification within Tax functionality and associate the Inventory Catalog to this Product Fiscal Classification.
   1. Click Navigator, Setup and Maintenance, Manage Product-Based Fiscal Classifications.
   2. On the Search For field, select Product Fiscal Classification Types and click Create.
   3. Enter the necessary information and then click Save.
5. Set the default Product Fiscal Classification using the Country Default Controls. To set up the default country, click Navigator, Setup and Maintenance, Manage Country Default Controls and then click Create.

   The user can see the categories of item model in the Product Fiscal Classification field from the Invoice line. Make sure that the Taxation Country is set to China (General Information, Miscellaneous tab).

6. Configure the product category for GTA.

   Product Category field is leveraged for Item Model of non-inventory items. Values maintained under the product category JA_CN_NON_INV_ITEM_MODEL are considered as valid item models for non-inventory items.

   1. Click Navigator, Setup and Maintenance, Manage Product-Based Fiscal Classification.
   2. On the Search For field, select Product Category Fiscal Classification Codes. Search for the fiscal classification code, JA_CN_NON_INV_ITEM_MODEL:
   3. Click Create Child Node.

      The user can see the category codes of item model in the Product Category field from the Invoice line:

7. Configure the product category for GTA.

   Transaction Business Category will be used for Tax Denomination. Values maintained under the transaction business category code JA_CN_TAX_DENOM will be considered as valid tax denomination.

   1. Click Navigator, Setup and Maintenance, Manage Transaction-Based Fiscal Classifications.
   2. , select Transaction Business Category Codes. Search for the fiscal classification code, JA_CN_TAX_DENOM.
   3. Click Create Child Node.
      The user can see the category codes of tax denomination in the Transaction Business Category field from the Invoice line: