Multiple tax registration numbers for business partners

This functionality is specific for India.

The business partners require separate tax registration numbers at various levels.

The business partner's tax registration number is defaulted by LN on each invoice. Each tax registration number is identified by a separate sequence number. The tax registration number must be printed on each invoice.

If your company and the business partner are at the same location, then for each transaction, the local sales tax registration number or VAT registration number is defaulted by LN.

If your company and the business partner are at different locations, then for each transaction, the central sales tax registration number is defaulted. You must set up multiple tax registration numbers for business partners in the Registration Numbers by Business Partner (tctax4100m000) session.

For tax Deducted at Source (TDS), LN retrieves your TAN and PAN registration numbers from the master data that you define in the Registration Numbers By Financial Company (tctax9140m00l) session.

Other tax registration numbers cannot be retrieved from the master data and therefore, these are part of the transaction details.