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How to deal with the entities shifting in the middle of a year from one Tax Group to other Tax Group

in Tax Reporting (Direct Tax) 1 comment

Summary:

We need to understand what steps to follow in TRCS on a requirement where one entity was part of one Tax group(TG-1) and now in the middle of the year it has to be shifted to another Tax group (TG-2). Say this transition was from 1st July. As per requirement 6month provision shall be part of Tax Group 1, while other 6 months provision shall form part of TG-2.

How this can be managed in TRCS?

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