Purchase (Input Tax)

This is to set the configuration for Purchase Tax. This configuration effect Purchase related transactions for example, GRN, Credit Memo, Purchase Return etc. If a particular branch in the system is not subject to Input Tax, it can be excluded through configuration.
A valid default GLCode is needed to charge this input tax during the transactions.
If a filing method is used for the Tax which requires a different GLCode to be used to charge the Tax after filing is done. This is currently practiced in Thailand VAT.
During the purchase whether the item price keyed in by user is including or excluding tax can be set here as well.
Rounding option is available to go for accuracy (higher decimal points) or be consistent with accounting (standard upto 2 decimal points)