E.2.2.2 Exempt Sales Tax in Decision/Contract Tab

This topic provides information about applying a sales tax exemption in the Decision/Contract tab. When enabled, the system does not calculate sales tax for the transaction.

The Tax Details sub tab in Decision/Contract tab facilitates to record tax exemption details. If exemption details are provided for the application, all the tax details marked with Exemption Indicator Y in setup are exempted for this application.

Since the Tax Details sub tab is available in both Decision and Contract tabs, user can choose to define sales tax exemption either during Decisioning or Funding. However, exemption selected during decisioning will be applicable on funding if no changes are made.

1. On the Origination, click Origination. Under Origination, click Underwriting/Funding.
2. Under Underwriting/Funding, click Decision/Contract. Under Decision/Contract, click Tax Details sub tab.
3. Click Edit. User can also perform any of the Basic Operations mentioned in Preface.

   A brief description of the fields are given below:

   Table E-11 Exempt Sales Tax in Decision/Contract tab

   Field	Description
   Exemption	Check this box to indicate that application is eligible for tax exemption Else, all the sales tax defined in setup are applicable for the application. Note: Sales tax exemption is eligible only if the exemption option is checked in both Origination (Tax Details tab) and Setup screen (Setup, click Administration under Administration, click System under System, click Tax).
   Exemption Start Dt	Select the exemption start date from the adjoining calendar.
   Exemption End Dt	Select the exemption end date from the adjoining calendar. This field is enabled on selecting the exemption start date.
   Reason	Select the exemption reason from the drop-down list. This field is enabled only if Exemption check box is selected.
   Tax Code	View the tax code applied for this application.

4. Perform any of the Basic Actions mentioned in Preface.