Extended tax configuration
Infor LN allows the implementation and optimization of the tax configuration for tax defaulting of the various taxable transactions. The Extended tax configuration functionality supports:
- Tax defaulting for interstate and intrastate transactions (India)
- Optimization of tax defaulting based on Goods and Service Categories
- Improved standard tax defaulting when using multiple tax registration numbers in a financial company.
Note:
You must activate the Extended tax configuration concept using the Concept Activation (tcemm4600m000) session to use the tax configuration functionality for taxable transactions.