TRADING Organization- Setup Steps Additional Organization info (Null Location and With Site) 1.
Enter the CST, LST, PAN, TAN, VAT reg numbers
2. Enter the RG23D Account, BOE, Customs Writeoff, RTV Expense accounts (BOE ,Writeoff, RTV Expense accounts needed for Import Type POs)
3. Select the optional information in Receipts field if any
4. Enable Excise in RG23D check box and enter the other required information (Range, Division, Regn, Zone, etc.,)
4a. Make sure the Tax Calendar is defined
Bond Sub - Inventories 1. Associate all the sub inventories with India localization and make sure Trading
flag is enabled Regime Registration 1. Excise, Service, VAT., regime registration
Tax Creation 1. Create Excise and VAT Taxes for purchase
2. Create Excise Taxes for Sales with Adhoc Amount flag enabled and with
Credit Percentage 100
Tax Category 1. Tax category (Purchase) with Excise and VAT taxes
1. Tax category (Sales) with No precedence for Excise taxes
Item Classification 1. Excise Item Classification: Tradable with Yes, Modvatable No, Excisable Yes
2. VAT Item Classification: VAT applicable Yes, Recoverable Yes. If VAT is nonrecoverable then Recoverable should be No
Defining Excise Bond Register 1. Navigate to Define Bond register
2. Select the Inventory Organization name and Location name. Also select the type of Register you want to associate with
3. Associate all the Sales transaction Types with the register by attaching under it
Additional Customer and Supplier information 1. Additional Supplier and customer Info (Null location and With Site) with Excise, CST, LST, VAT Reg Nos