Statutory and Taxation features

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You can click the Statutory & Taxation option in the Company Features menu to go to the Statutory & Taxation features. The Statutory & Taxation screen appears as shown in the below figure.

 

There are various fields in the Statutory & taxation window, which you have to set according to you requirement. You have to set Enable value Added Tax (VAT) to Yes.

Some of the Common fields of Statutory & Taxation.

• Enable Excise
• Enable Value Added Tax
• Enable Service Tax
• Enable Tax Deduction at Sources (TDS)
• Enable Tax Collected at Sources (TCS)
• Enable FBT