Tax on Projects

This functionality is specific for India.

To set up Tax for projects

To set up tax on projects in Project, take the following steps:

  1. Set up the tax registration pre-requisites.
  2. In the Tax section of the Business Partner by Project (tppdm6101s000) session, enter the following data:
    • In the Tax Country field, select the home country from where the company operates.
    • Select the tax code to assign the business partner to a particular tax type.
    • In the Registration Number Sequence (Own) field, select the sequence number from the Registration Numbers by Financial Company (tctax9140m00l) session .
    • In the BP Tax Country field, select the tax country in which the business partner is addressed.
    • In the Registration Number Sequence (BP) field, select the sequence number from the Registration Number by Businesss Partner (tctax4100m000) session.
  3. In the Tax Handling (tctax0138m000) session, enter the default tax codes for projects in the Project Tax field.