F.2.1.4 Range
The Range tab of Sales Tax screen facilitates to define range (gradual increase in tax rate) for tax calculation based on different charges levied for Product/Service.
For example if the cost of the vehicle is less than or equal to $20,000 then Sales and Usage Tax slab is 20% and if the cost is greater than $20,000 then slab is 30%. To facilitate this, below configuration should be maintained in the system.
Table F-8 Origination
| Calculation Method | Itemization | Sign | Value | Enabled |
|---|---|---|---|---|
| PERCENTAGE OF ITEMIZATION AMOUNT | ITM CASH SALES | + | 100 | Y |
Table F-9 Range
| Amount From | Percentage | Enabled |
|---|---|---|
| 20000 | 20 | Y |
| 20001 | 30 | Y |
To define Range for Sales tax calculation
- Navigate to Setup > Administration > System > Sales Tax > Range tab.
- In the Range Details section, click Add. You can also perform any of the Basic Operations mentioned in Navigation chapter. A brief description of the fields are given below:
Table F-10 Range Details
Field Description Amt From Specify the minimum amount from which tax has to be determined. Percent Specify the percentage of tax to be calculated based on amount. Enabled Check this box to enable the range. - Perform any of the Basic Actions mentioned in Navigation chapter.
Parent topic: Sales Tax Setup