Product based fiscal classification

Hi Everyone,

Client is into telecom sector and will have goods/services both from AP and AR side.

Q1. Some goods are taxed at standard rate, some are taxed at reduced rate etc. Same applies for services. This needs to be catered via item category. Requesting input on how this can be achieved.

Q2. Do we need to setup the category both at SCM module and OM module for AP and AR respectively.

Thanks

Ankit