Zero Rated Tax -Transaction for Product Category

Agenda

Manual Sales Invoice

Order to Cash Receipt Transaction
Procure to Payment Transaction
Note : Enter the mandatory fields in the Transaction window
Note : In Line item , the item CENI-GWEXER is defined in the product category , where rule is set as
0% VAT should be calculated for the Product category.
And a second line with another item which is not in the product category is added
Note : Here the 0% VAT TAX is calculated 0 for the item which is defined in the Product Category
Note : Complete the transaction and Do Create Accounting for the transaction
Note : Accounting Entries
 Nav : Order management >> Orders,Returns >> Sales Order

Note :Enter the mandatory fields In the Sale Order window

 Nav : Order management >> Orders,Returns >> Sales Order

Note : Give the line item details and the given Item is included in the Product category
 Nav : Order management >> Orders,Returns >> Sales Order

Note : The tax calculated here is 0

 Nav : Order management >> Shipping >> Transaction

Note : Do the Shipping Transaction for the Sale Order.

Note : Run the Auto Invoice Import program
Match the Sales Order number in the Sales Invoice
Note : Enter the Item that is in the Product category
The tax calculated here is 0
Note : Complete the transaction and view the Accounting entrties
Note : Enter the mandatory fields
CENI_GWEXER is the item in the product category.
Note : View the Tax calculated here is 0 for the item that is included in the Product category
and for the item that is not included in the product category tax is calculated as default 5%
Note : Receipt details for the purchase order
Note : Match the invoice with the Receipt Number
Note : Click on Calculate Tax button
Tax is calculated for each line items
Note : Tax Details – for the item in the Product category Tax is calculated as ‘Zero’ and for the
other item tax is calculated as default 5%
Note : Do validation and Create Accounting
Note : View the Accounting Entries.