Knowledge

Steps

Task Name

Sub-Task

Function Set up name

1

Create Tax

Manage Tax

2

Create Tax Statutes

Manage Tax Status

   Configuration owner

Global Configuration owner

3

Create Tax Jurisdiction

Manage Tax Jurisdiction

4

Create Tax Rate

Manage Tax Rates and Tax Recovery Rates

   Configuration owner

Global Configuration owner

Regime Code

India TDS Regime

Tax

Tax Status Code

Tax Jurisdiction code

Tax Rate code

5

Manage Tax

Create Tax

6

TDFS

Tax Determining Factor Set

Manage Tax Determining Factor Sets

Determining Factor Class

Transaction input factor

Determining Factor Name

Withholding tax classification code

7

TCS

Tax Condition set

 Manage Tax Condition sets

8

TAR

Tax Applicability Rule

Manage Tax Rule

9

TRR

Tax Rate Rule

Manage Tax Rate and Recovery