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Answer Posted / neethu
Define Tax jurisdiction Code.
TC: OBCP
Represents taxing authorities.
Create a tax code, enter its description
DiN : Discount base amount is the net value
Indicator with the effect that the sales tax is not
contained in the base amount for discount calculation.
TxN: Base amount for tax is net of discount?
Indicator that causes the base amount for the calculation
of sales tax to be reduced by the discount share
For Dependencies check the help file. (F1)
Tax Codes represent different tax types, such as sales tax
charged by the company. Commonly used tax codes in the
system are O1 (Output Tax charged by the company), O0
(Output tax exempt), I1 (input tax charged by the company),
I0 (Input tax exempt).
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