Basic Tax Setup in AX 2009

Basic Tax Setup in AX 2009

1. Goto GL (General Ledger) Module

2. Goto Setup Section

3. Select Tax Option and then Tax Code

4. When you select Tax Code option then 1 form will open. In this form you have to create one Tax code.

Note: 1. VAT is only applicable for Same State

           2. CST (Central State Tax) is only applicable for different State.

           3. You have to define that which type of code you have to create.

5. In Overview Tab, you have to fill all the fields except Tax Jurisdiction Code (If you don’t need any Jurisdiction code) and Tax Type (Available after settlement period).

6. Goto General Tab of the same form. In this Tab, in Tax Type section, you have to select or create Tax Component.

7. Now, Click on Values button available on the right side of the form.

8. In this Values form you have to create one line. In this line you have to provide From date, To date & Value (In Percentage).

Note: If you will not give value then, on the Tax Code form the percentage will not come for that newly created Tax.

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Now, Create Tax Group:

1. Create New then In Tax Group Setup change Tax Jurisdiction to Tax Code (if you don’t have any Jurisdiction code).

2. Goto Setup Tab.

3. Create one Line, Select your Tax Code and then Save.

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1. Create one Item Tax Group

2. Create New, Follow same steps of Tax Code.

3. Goto Setup Tab.

4. Here, Create one Line & select your Tax Code.

5. Then click on Formula Designer Button available on the right of the form.

6. Now, In Calculation Section, create New Line and Select your Tax Code only.

Congratulations, Your Task Has Been Done