Financials for India - EBS (MOSC)

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OFI: Details and clarification on reporting codes & type

edited Jun 15, 2018 1:54PM in Financials for India - EBS (MOSC) 5 commentsAnswered

We have reporting codes section in Tax Type & Tax Rate setup. What is the purpose of these reporting code.

At high level I understand it is used for reporting and various GSTR reportings. But would like to seek more details and clarification on these.

- What is the impact if we don't setup now and setup later.

- We have many tax type likes  CGST, SGST, IGST, Freight, Insurance, Misc Charges, BCD, SW Cess, Customs-IGST, EDD, Penalty, Interest, IGST-SEZ Pymt, CGST-RCM, SGST-RCM, IGST-RCM

Zero Rated, Exempt, TDS-Expenses, TDS-Salary, TDS-NRI. How we can group and classify

- What is applicability of reporting code in tax rate setup

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