Assigning India Tax Nature to Items

Assigning tax nature to an item involves selecting the nature of an item such as goods, services, or capital goods. When an item is selected on a transaction, the tax nature assigned to it automatically populates on the transaction line.

To assign a default India tax nature to an item:

1. Go to Lists > Accounting > Items.

2. To assign tax nature for an item, click Edit next to it.

3. Click the Accounting subtab.

4. Under the India Tax Information section, in the Nature field, select tax nature for the item.

5. Click Save.

Related Topics

Assigning Tax Accounts to India GST Types

Creating HSN and SAC Codes for India GST

Creating India GST Tax Rate Rules

Setting Up Default Unique Quantity Code (UQC) for Items

General Notices