Financials for India - EBS (MOSC)

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Tax Code and Tax Group

There are SGST, IGST, CGST (3).  Tax rates can be 0%, 5%, 12%, 18%, 28% (5).  It is either tax on Goods or Services (2).  Take KA state for example.  For R11.5.10.2 Payables Invoices,

Q1. Is it necessary to set up the tax code the all the 30 combinations (3 * 5 * 2 = 30) of the above in KA as follow for R11.5.10.2 Payables Invoices

KA-SGST-Goods-5%

KA-IGST-Goods-5%

KA-SGST-Goods-5%

KA-SGST-Services-5%

KA-IGST-Services-5%

KA-SGST-Services-5%

KA-SGST-Goods-5%

KA-IGST-Goods-5%

KA-SGST-Goods-5%

KA-SGST-Services-5%

KA-IGST-Services-5%

KA-SGST-Services-5%

KA-SGST-Goods-12%

KA-IGST-Goods-12%

KA-SGST-Goods-12%

KA-SGST-Services-12%

KA-IGST-Services-12%

KA-SGST-Services-12%

KA-SGST-Goods-12%

KA-IGST-Goods-12%

KA-SGST-Goods125%

KA-SGST-Services-12%

KA-IGST-Services-12%

KA-SGST-Services-12%

.

.

.

Q2. Do we need to set up Tax Group if there is multiple tax codes (eg. SGST + CGST) on a Payables Invoices for R11.5.10.2?

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