Create Input Service Distribution Proposal
Explanation
This activity is used to fetch Tax Transactions that need to be distributed among branch companies.
The proposal can be prepared for any accounting/tax period range, and multiple distributions can be prepared for
a particular period if the previous proposals prepared pertaining to the same period are in
Cancelled/Closed status.
Prerequisites
- The company must be set up to use Indian localization using the Standard Template for India.
- The Input Service Distribution (ISD) localization parameter must be enabled.
- Tax Distribution Series must be defined in the Tax Series
page.
- The ISD Registered toggle must be enabled for the GST tax ID type in the
Address Specific Tax ID Numbers section in the Company Address ID tab of the Input Service
Distributor for the distributing company. For the receiving company, the Tax ID number with the
GST Tax ID type must be existed.
- Define Posting Controls TAP1, TAP2 and TAP3.
- Define a new Voucher Type number series – TA – Input Service Distribution.
- Define new Voucher Type number series – TA – Input Service Distribution.
System Effects
As a result of this activity, an Input Service Distribution is created for a particular period, fetching the tax
transactions, which include tax components that need to be distributed among branch companies.
The tax transactions are fetched based on the tax direction, where only tax received transactions are
considered. Additionally, the tax transaction should not be reported, and the party type must be Supplier.