So I’m trying to use item-wise taxes since I have 3 items each with different tax rates. The tax rates for each of these 3 also varies depending on the billing state (VAT/CST) which I would select from the tax templates if they were being quoted separately. My question is, how can I take advantage of the sales tax template while still being able to use item-wise taxation without having to hard code the tax rates in the item master? Am I overlooking something?
This feature is not available for now. To be able to use Item-wise-taxes, you must update tax rates in the Item master. For managing statewise taxes, create separate tax-accounts based on states. Also, setup Sales Tax and Charges master based on states. But in the Item master, update all the taxes applicable.
Example being here, some items need to use different tax codes if they are capital expenses compared to non-capital expenses. So in a purchase order there might be 10 of the same items with 2 items being capital purchases and the other 8 being non-capital.
How can this be achieved in the current setup?