Global Tax Engine (India) - Improving tax configuration usability with reduced number of lookups

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Note

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Note

Currently, GTE is available for India only.

While configuring tax in Global Tax Engine (GTE), users can define multiple tables to look up tax rates, non-deductible percentages, tax components, tax periods, and more. In the real business practice, users want to reduce the number of lookup tables by combining them; for example, such data model properties as Country/Region of Origin, Consumption of Country/Region, and Product type determine the nature of the tax transaction, which can be reused in many places. In this release, users can add a string-type measure at the line level, which can be a lookup:

This measure can be further used in other lookups, like reporting, rate, and so on.

It will dramatically reduce the number of lookups that users need to maintain and will improve the tax configuration usability. This line-level string-type measure will also be shown in the tax document user interface.