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Use of TAX Fields in Vendor master control data

Former Member
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Hi,

I would like to know the use of diffrent tax fields in Account control data in vendor master i.g.Tax umber1

Tax Number 2 etc.

I would like to know how it is used and where we customise them.

Thanks in advance

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Answers (1)

Answers (1)

Former Member
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Hi Ravi,

this TAX number is the uniquely identity of vendor with the diffrent tax authorities.

like in India we have TIN no., LST and CST with local sales tax authority and central sales tax authority.

this information is used for information purpose and the tracking of vendor's with legal authority.

this is also used in a scenerio where company deduct tax at source or withholding tax than company needs to give TDS certificate or C-form certification (Where CST refund is applicable), that time this information is required for company and vendor both.

they need to submit all these report with tax authorities and Tax authority will track records based on this info.

this information is externally entered by user for maintaining.

hope this will give you clear picture of use this info.

regards,

vikas

Former Member
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Thnaks Vikas,

So it means it is only for reporting purpose and we can have few tax numbers which can be used for tracking?