Overview
This entity will contain all of the taxes that the system will include for each of the items that will be evaluated financially during a Bid evaluation process and specifically the process of Financial evaluation.
Bid Evaluation Taxes Definition Tab screen Fields
Field | Description |
Serial Number | Serial number of the Tax Items created. Auto generated by the system. Starting at 1 for each new Bid Evaluation. |
Tax | Allow the user to select only taxes that are active. |
Is Tax Included in the Price | If Yes, then the value of goods/services already include the tax amount, else Tax amount should be added / deducted. |
Tax Percentage | “Read Only Field” to show the effective tax percentage of the selected tax defined in tax table. |
Added / Deducted | To indicate if the tax amount is added to the goods price or deducted from it. Default value is: Added. |
Tax Date | Date of the Tax added. |