Monthly Sale Tax
Dear Sir,
Like that we are month utilization of Excise Duty transaction J2IUN.So now my problem is how to monthly utilization of Sale Tax.
Regards,
Neha
Hi
There is no such possibility in SAP to utilize sales tax unlike monthly utilization (J2IUN)..
Regards
MBS
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In SAP as per indian scenario is there any system available for Monthly sale tax returns / vat returns
service tax returns?
Please guide.F.12
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Regards,
Ravi -
I have a new Samsung phone and I live in CT. Last month they charged me $38 on my bill for the sales tax for the new phone which was $600. I'm paying for the phone itself over 20 installments of $30 each. Now again I'm getting that same $38 charge. I can't believe that the monthly CT tax is higher than the payment for the phone itself. Does this make sense. Last time I spoke with them on the phone it was for 1 1/4 hours for something simple. I don't want to call unless I need to. The salesman told me nothing about any of this. Thank you for any help you can offer.
The bill from last month states:
CT state sales tax** $38.10
** In some states sales tax or surcharges are calculated on the full cost of the full retail price or VZW cost of the device you purchased and not on the discounted price you pay. The sales tax or surcharges charged on your device was based on $599.99 and appears on this first bill.
The current bill says the same.
Actually, now I'm realizing that last month's bill stated I was making the first payment toward the phone. Now this month also says it's the first payment toward the phone when it's really the second. -
Sales tax return monthly & annually
Hello all,
Can any body tell me how to process"Sales tax return monthly & annually" in SAP.Hi
Check TCode J1I2 - Sales Tax Register .
Cheers
Srinivas -
A/R Installment Payments with Sales Taxes and Freight in 1st payment
Our sales dept. wants to offer our customers Installment Payment plans (6, 12, 24 mths) for product sales which is easy enough to set up using Payment Terms and the Installment Payment flag.
But our Accounting Dept wants to collect the Sales Taxes and Freight "up front" in the first payment.
We do not want to use Milestone billing since Accounting wants to recognize the revenue of the sale during the month of the sale ... so a single Invoice to the customer with the Payment Plan printed on the invoice is the option they want done.
I have not been able to find any way to set up the Installment Plan configuration to do such a thing. The Terms of Payment refer to the total Invoice amount.
Has anyone here be able to accomplish such configuration (without doing custom coding in a User Exit)?
Example: $60,000 item, %5,000 tax, $100 frieght = $65,100 total invoice. (6 month payment plan)
Payment #1 = $15,100
Payment #2 = $10,000
Payment #3 = $10,000
Payment #4 = $10,000
Payment #5 = $10,000
Payment #6 = $10,000I have already set up the installment plan in OBB9 with 6 entries (1 - 6) for my IP Payment Term of IPM1. I have the percentages setup as 16.67 for each of the installments and the last set at 16.65 (equaling 100%).
The problem with Sales Tax and Freight is that you can not simply assign an arbitrary percentage to the 1st installment (for example make the 1st installment 25% and break up the remaining 5 installments fromt he other 75%).
We need to make sure that the first Installment from the customer is for the Sales Tax, the Freight, and exactly 1/6 of the material cost (if it is a 6 month payment plan).
I have activated User Exit EXIT_SAPLV60B_007 to intercept table generation of the installment plan that is sent to Accounting to fix this problem. Now the Accounting document connected with the customer invoice is correct. My next step is to fix the SmartForm print of the Installment Plan on the customer's Invoice. -
How difficult is it to implement indirect sales tax for India?
Dear All,
What is the level of difficulty to implement indirect sales taxes for India? Is this a low, medium, or high level of difficulty implementation?
Does India offer a nationalization package, and is it necessary to install India's nationalization?
Ultimately, I need to get an estimate for the number of people and days of work involved in order to determine the expected cost.
Kind regards,
MarkHi Mark,
The level of difficulty to implement indirect sales taxes for India is high level of difficulty implementation?
Country India Version is along with ECC. No need to implement any other package.
Depend on the requirement it takes 2-3 months of implementation for CIN. And Two consultants are required to configure this implementation. If A consultant has 2-3 years in the CIN Configuration then 1 Consultant is enough. Cost vary from organization to organization.
Regards,
Srinivas Muthyala
sap fi/co consultant -
Dear All,
We have new Tax policy according to which we have to deduct 16% sales tax for the vendors who are not registered with tax authorities. For example we procure services of $100 from an unregistered vendor then at the time of invoice we need to have follwing accounting entries:
Expense Debit $100
Vendor Credit $84
Tax Liability Credit $16 (16% of 100)
Tax will be paid to the Government at the end of month.
Kindly suggest how can i handle effeciently it in SAP. Should i need to create some special Sales tax code, with-holding tax or should i use some condition type in PO.
Thanks,
Shahzad ShakoorThank you for your reply.
In case we have with-holding tax of 16% then lets suppose we have a services of $100 then at the time of invoice well have following accounting entry:
Expense Debit $100
Vendor Credit $100
and at the time of payment with-holding tax will be deducted. This will record $100 in expense but our requirement is to debit $84 in expense and credit $16 in tax liability.
Looking forward for solution.
Regards,
Shahzad Shakoor -
Apple iTunes overcharging on sales tax.
I reside in Tennessee where sales tax is 9.25%. I am being charged an extra 2 cents or so in tax on an average album purchase.
Here is the most recent example. I bought Ryan Adam's iTunes Session album at the price of $7.99.
Here's the math:
$7.99 X 1.0925 = $8.729, or, rounded up, $8.73.
iTunes charged me $8.75. Why? It's an extra 2 cents and is an overcharge, no matter the small amount. I've looked at my account and this has happened on every iTunes purchase for at least 5 months. I didn't check back any farther, as obviously something is wrong, unless there is an additional tax I am not aware of.
Can anyone explain this? I don't want to think the worst about Apple, but it's hard not to calculate that 2 cents multiplied by millions is a lot of money. Hopefully, there's another explanation.I recently noticed the overcharge on Memphis sales tax recently when I bought books as gifts. I contacted customer service and got the "check with your state for the rate" answer. I work in sales tax and know the rate...I have made MANY online purchases that were taxed correctly. It's not that much $$ for one customer, but if you put it all together it would be material. AND if they remit the "correct" amount and COLLECT the "incorrect" amount, which is the way most tax programs work (sales x rate), they may be making a little extra $$ on collecting a few cents on transactions. Frustrating.
-
Hi experts
Wt is mean by sale tax setoff and how it is working in SD process.
Regards
Ishikeshhi
There are two types of taxes, Tax on sale or purchase within the State (Local Sales tax i.e LST) and Tax on sale or purchase in the course of interstate trade (Central Sales Tax i.e. CST).
Set-off is the amount of tax credit which can be claimed in the LST return. It is the tax that you have been charged on goods that you have purchased for your business. This credit can be adjusted against the LST payable on your sales, and the balance of LST has to be paid to the Government. Set-Off is claimed on monthly basis.
In FB50 you can post the set off
On the initial screen, enter the Document Date, Doc.Header Text, enter G/L Accounts of LST Receivable, Payable & Bank in u201CG/L acctu201D Column, Select u201CDebit or Creditu201D indicator like LST Payable as Debit, Receivable & Bank as Credit, in u201CD/Cu201D Column, enter amount in u201CAmount in doc.curr.u201D against each G/L account and press Enter , Check for Total deb. and Total cred. In Amount Information , ensure that the indicator is turned as Green . Click on Details tab, to check the details . Click on Simulate button, check the details and Click on Save button.
LST Set Off Document JV is generated.
regards -
I have been trying since November 19th to get a sales tax refund. Adobe has all of my paperwork and they have confirmed that my account is marked as tax exempt. However every time I call in to customer service and finally get to someone, I am told that my request is processing and it will be 3-5 more business days. I have spoken to numerous supervisors, all of which claim to have to escalated the case for me. However, after 1 month I still don't have my sales tax refunded. My school's accounting department will not accept giving up, and needs the refund to be processed.
I am considering contacting my credit card company and report it as fraud because all of the paperwork I have gotten from Adobe indicates that I was not charged sales tax. However my credit card statement says otherwise.
Is there anybody from Adobe who can help with this?Unfortunately the GST number you've provided is irrelevant because it has nothing to do with the company name, address and tax ID that is shown on my invoices.
Here is the data shown on all of my invoices when I try to 'Print Invoice' in my admin section.
Adobe Systems Incorporated
75 Remittance Drive
Suite 1025
Chicago, IL 60675-1025
Federal Tax ID 77-001952
As you can clearly see, the address is in Chicago and the tax ID is a US tax ID.
If I try and claim my tax payments back from the Canadian Government, the first thing they'll want to see are my invoices - which are useless.
Make a decision Adobe. You either:
1 - Charge me from a US company with US invoices and stop charging me US taxes and refund my illegal overpayments
2 - Charge me from a Canadian company with Canadian invoices so that I can claim my taxes back
You can't have it both ways.
If I do not get a satisfactory resolution to this problem in the next 7 days I will be reporting this to the Canadian Revenue Agency. -
When I bought my first phone on Edge I paid full price sales tax. When I want to Edge up, I have to pay 50% of the cost of the phone. At that point I'm charged first month (fine) and then sales tax again for the full price of the phone. Something doesn't seem right about that. Hoping someone can explain this to me.
When you buy a new car on credit you pay the full sales tax on the car, because the assumption is you expect you will keep the car. However, you do have the option at any point to trade in your car (whether paid in full or not), but the car dealership/state does not prorate the sales tax based on how much of the car you actually paid off. When you lease a car the assumption is that you do not wish to purchase the car, rather you only want to use it for a short period of time (ie a long term rental), though in most cases you have the option to buy the car if you want. Verizon Edge assumes you seek to purchase your phone rather than lease the phone.
Edge is simply a way for you to buy your phone on credit at 0% interest, you are not leasing your phone with the option to buy. In fact you are purchasing your phone with the option to trade it in later if you want new tech as soon as it is available. Verizon and all other carriers that have this type of program are trying to get us accustomed to purchasing our phones at full price. This way over time they can do away with most if not all phone subsidies.
If you were in fact leasing your phone, then Verizon would have placed a set of restrictions on your use of the phone that helped Verizon ensure that your phone when returned would be in like new condition and operational. In addition, if you were leasing the phone Verizon would likely require you to purchase insurance for the phone to further protect their interests regarding the leased equipment.
For those already in enrolled in the Edge Program be aware, in the fine print of the Edge Terms and conditions it states
What are the eligibility requirements to Edge Up with Verizon Edge?To be eligible to Edge Up, you must:
Back to top
Have had your Edge phone for at least 30 days
Have paid at least 50% of the full retail price of the phone
Return the Edge phone in good working condition with no significant damage, as determined by Verizon Wireless
What types of replacement phones will be accepted when I seek to Edge Up?When you Edge Up to a new Edge device, you must provide to Verizon Wireless one of the following in good working condition and without significant damage, as determined by Verizon Wireless:
The original phone purchased under your Verizon Edge Agreement
An authorized replacement from a valid Verizon Wireless channel (e.g., Certified Like-New Replacement, AppleCare® or a Verizon Wireless authorized insurance replacement phone)
All that means is that Verizon does not have to grant you the option to Edge up even if your phone is 50% paid off, if your phone is not in an acceptable trade-in condition. A person in that situation would still have to continue to pay the phone off but would not be eligible to purchase another phone on Edge until that contract is paid off in full. Just like if you trashed your car (only 50% paid) and when you went to trade it in the dealer determines it is not in a suitable condition to accept for trade in. You will be stuck with your car (or phone) and still be required to pay it off. In this case the dealer will (with acceptable credit check) let you finance a new car just like Verizon will allow you to add another line to you account and get a new phone on a separate Edge contract paying tax on the full retail cost of the phone. -
I'm confused about the pricing for Adobe Creative Cloud - the initial price states that it is inclusive of VAT but when I go to buy there is a new statement which reads...
"Each month during your one year term, we'll bill your credit card £22.23 plus sales tax. "
What is sales tax? and why the extra charge all of a sudden when it is not mentioned on the opening sales page?Can you post a screen shot of where you are seeing this?
-Dave -
Hi sap seniors,
Can anybody (HELP)tell me details abt SALES TAX ,EXCISE DUTY ,MANUAL EXCISE AND TAX CODES.While creating PO and posting the invioce using MIGO,MIR7(PARKING INVOICE), What r all tax procedure to be followed by mm-consultant. As a MM -FRESH CONSULTANT i m interested to know all TAX PROCEDURE related to MM-MODULES.
note;Especially for taxcodes AND STUDY ABOUT TAX PROCEDURES. please send any training materials regarding this sales tax--
THANKS IN ADVANCE FOR ALL MY SAP GURU'S
BY
mmHI Sakthi,
First of all we will start with Excise Basics
You are producing a product with a raw material and sell it in market as finished good.
Now for the product you need raw material say its costing 100/- on which you pay 16% tax which is 16/-.
You are producing the finished goods with your cost inclusion of say 50/-.
Now the inhouse product cost is 100/-(raw matrl) and processing cost of 50/- which is 150/-.
You sell your product in the market at 16% tax on it, so your product market value becomes 150/- + 16%(on 150/-).
Excise duties are handled like this :
as you buy raw matrl at duty 16/- this will be taken as CENVAT into your account. so you have 16/- in your account.
as you sell matrl with duty 24/- you need to pay excise of 24/- Since you have 16/- in your hand need to pay Excise Amount to Gov't ( 24-16) : 8/-
The excise records are maintained for these as :
Raw matrl purchase and issues to production : Maintained in RG23A register, of which Part I is for quantity and Part II is for amount(Cenvat amt)
Production details are maintained in RG1 Register, including despatch details and balances.
The excise duty payable to Gov't is maintained in Personal Ledger Account (PLA).
The total monthly report of purchase production despatches - quantity/value is submitted to Excise Dep't via RT-12.
Hope this gives a clear picture.
Now how things work in SAP
see there are two type of excise is levied on the product 1. which can be claimed 2. which can not be claimed and then later on it gets added to the material value. In you case if BED is 16% then you can claim 16 rs if its claimable in SAP knowns as Deductible and if its not then material will cost you of rupees 116.
Now after manufacturing yo said your cost of material is 150 rs now you calculate the 16% on that which comes 27 rs so at the time of sale you get this amount of duty from your customer. So Govt rules states that whatever duty you have paid at the time of purchase you can get set off from the duties at the time of sale. so in your case as you have already paid rs 16 and 27-16=11rs are supposed to be paid by you to goverment.
Following are kinds of excise registers
RG23A -For rawmaterials
RG23C-for Capital goods
RG1-finished goods
The above are movements of excisable goods maintained in a plant.
RG23D-
This is movements of excisable goods maintained in a depot.
PLA-Personal ledger account
This is the bank account from which you transfer any money owing to the excise authorities.
Register RT-12
This is a monthly report that summarizes the CENVAT and PLA information from the other registers.
Part1 entry-
it will depict quantity or the volume of goods movement
Part2 entry-
accounting entries will be captured
Regards
Vivek
-- Reward for the Effort -
Calculation of sales tax for free item
Dear SAP B1 Experts
I have query regarding sales tax calculation for free item .
For EG. I have two item for sales (A = 1000, B = 100) Sales tax is VAT4%
But when i am doing sales, i am selling B for free of cost with A for Rs 1000/-
here my tax calculation is (1000 *4%) = 1040/-
but as per the govt sales tax rule, we are liable to pay the tax for free item as well
So I this case, In SAP B1 how we will calculate the tax 4% for free item .
Please help me.
Thanksi have checked, its working okay, but
in Invoice print out unit price and line total is showing for free item. How i make the unite price 0 .
Tax only calculation is based on the Line total and the line total is based on the unit price.
in that case when i give the invoice to the customer.
It should show like this
Item A 100 * 10 1000
" B 0 * 1 00
1000
4% tax 44
Doc Total = 1044
thanks
Regards -
Hi,
I am working on Free Goods determination.
The ultimate aim is to capture excise duty and sales tax for materials which is sold as free to customer.
I could able to capture excise duties,whereas it is not charged on customer.
I could able to sales tax,whereas it is t charged on customer.
Only problem i face is for item category TANN ,tax value should be zero (o) means at the time revenue account determination it should not post to customer account .How can i configure it.
I tried with various options but i could not make it.
I thought of generating report keeping in the mind that where ever the condition type R100 >0.01,system should find out the value for sales tax VAT /CST.
Based on that value credit note have to raised for customer.
Here in our case Rs 2.93/- should be issued as credit note.Is there any other alternative option available.
Thanks,
Pradeep MWe are using the below one.
IF komp-PSTYV = 'TANN' OR komp-PSTYV = 'RENN' .
IF XKOMV-KSCHL = 'JIVP' OR XKOMV-KSCHL = 'ZCES' OR XKOMV-KSCHL = 'JIVC'.
XKWERT = 0.
ENDIF.
IF XKOMV-KSCHL = 'ZBPF' OR XKOMV-KSCHL = 'R100'.
XKOMV-KSTAT = 'X'.
ENDIF.
ENDIF.
ZBPF is our basic price
Regards
Jobi
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