1 Building Tax Components

This topic explains the processing of tax to be paid to the Government on the contracts. This type of tax is processed as an Expense type of tax, whereby you book the tax component into a Tax Expense account, to be paid to the Government.

This topic contains following sub-topics:

• Steps Involved in Processing Tax
  
• Defining Tax Rules
  
• Maintaining a Tax Scheme
  
• Processing Tax on a Contract
  
• Maintaining Tax Categories for contracts
  
• Maintaining Tax Group Type Details
  
• Annexure -Tax Calculations