Managing Tax & Tax Groups
Menu > Application Settings > Tax Settings
Through Tax Settings, users can enter tax slabs to carry out different transactions in Asset Infinity. These taxes can be used while discarding an asset. While generating a Purchase Order, assets or purchases can be defined under specific GST tax slabs.
The Taxes and Tax Groups created will be displayed in the same grid. User can Edit and Delete Taxes and Tax Groups:
A Tax Group cannot be deleted if it holds a certain number of Taxes in it.
The user is required to first create a tax group from creating a button in the Tax Group grid. Users can add multiple Tax groups.
Tax Group: Enter the name of the Tax Group in the pop-up and click on the Save button.
The Tax Group created will appear in the drop-down list while adding Taxes:
Tax Name: Enter a Tax name
Tax Rate (%): Add tax rate applicable in %
Tax Group: Add tax group in a tax. In the drop-down, all the created tax groups are displayed.
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