Loan deduction during disbursement:
Processing Fees
S.T. Applicable (on P.F.)
Insurance Fee (As per Rate)
Broken period Interest & other deductions
Answer by santoshmath99 · Jun 14, 2017 at 04:31 AM
@Hari haran, you can apply service tax to loan charges too. (Products>Tax configurations) First you define Tax components with starting dates and then and then add those tax component to tax group.
While creating charge(loan charge) and the tax group.
https://mifosforge.jira.com/wiki/display/docs/Manage+Tax+configuration
Answer by hari3710 · Jun 14, 2017 at 09:15 AM
I have done the configuration as mentioned by you. But it's not working as expected.
Yes santhosh. I have enabled accounting.
Answer by hari3710 · Jun 15, 2017 at 07:10 AM
Yes santhosh. I did that.
Looks like Services taxes yet to be implemented with loan charges.. Did you try the same with savings charge(Savings activation charge) with saving product 'Cash Accounting' Enabled?
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