Create Vendor Exemption tax rate rule

  1. Go to Setup > India Localization > TDS Tax Rate Rules.
  2. Click the Vendor Exemption subtab.
  3. Click New Vendor Exemption.
  4. In the Vendor Name field, select the vendor for this rule.
  5. In the Section Code field, select the section code for this rule.
  6. In the Particulars field, select the reason for tax exemption for this vendor.
  7. In the Certificate Number field, enter the TDS certificate number issued to the vendor.
  8. In the Schedule Type field, select a schedule type for this rule.
    1. If you selected Amount Range, complete the following fields:
      1. In the Effective From field, enter the start date of the tax rule’s validity.
      2. In the Valid Until field, enter the end date of the tax rule’s validity.
      3. Check the Retrospective box to use the rule to calculate tax retrospectively.
      4. On the Amount Rate Schedule sublist, in the From Amount and To Amount fields, enter the amount range for this rule.
      5. In the Rate field, enter a tax rate for this rule.
    2. If you selected Period Ranges, in the Period Rate Schedule sublist, complete the following fields:
      1. In the Effective From field, enter the start date of the validity of the rule.
      2. In the Valid Until field, enter the end date of the validity of the rule.
      3. In the Rate field, enter a tax rate for this rule.
  9. Click Save.

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