Service Tax rounding-off

Dear All,
In one of our client service tax is rounded off to nearest paisa i.e. Rs. 145.98
But the client need to round-off to nearest rupees i.e. 146.00
Is it possible to round-off to nearest rupees? If it so than please explain me in detail how to do that.
Thanks & Best Regards,
nms

Hi Vijay,
If you do what you have mentioned  - the system will round the amount irrespective of whether it is more than .50 or not.  Ex. If you select rounding rule as A it will round up to next rupee eventhough the amount is ex. 50.02 will round as 51. 
Rounding will be configured in tax procedure against Condition type you have to select as 17 in Caluclation type coloumn.
BSR

Similar Messages

  • Withholding Tax - Rounding Off

    Hi,
    I have problems on my withholding tax setup, it automatically round off even if my settings in the currency is NO ROUNDING.
    My SAP is 8.8 patch 13. I have no problems on Vat, only on withholding tax amount.
    Kindly advise.
    Thanks,
    Harlene

    There is country specific settings in "Setup -> Financials -> Tax -> Withholding Tax", rounding type for Autralia and New Zealand.
    Refer to the help file for the rounding details.
    Country-Specific Fields: Australia & New Zealand
    Rounding Type Choose the relevant rounding type from the drop-down menu:
    Truncated AU u2013 this option is relevant for a penalty withholding tax. The tax amount calculated is truncated, and appears without decimals, for example, a tax amount of 72.25 is truncated to 72.
    Example
    If the withholding tax is posted when payment occurs, the calculation is done as follows:
    You create a payment for an invoice whose total value is 11.6 (=net value 10 + 16% vat), and the withholding tax is 18%.
    The total of 11.6 is truncated to 11.
    The WT is calculated as: 11*18% = 1.98
    The WT amount is truncated to 1.
    Result: The posted value of withholding tax is 1, and the bank account is credited for 10.6
    End of the example.
    Commercial Values u2013 this option is relevant for voluntary withholding tax. In this case the rounding calculation is done as follows:
    1 to 49 cents is rounded down to the nearest dollar, for example, 34.27 becomes 34.
    50 to 99 cents is rounded up to the nearest dollar, for example, 50.68 becomes 51.
    Example
    The following explains the calculations when creating the payment for the invoice mentioned above, but according to commercial rounding:
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    A value of 2 is posted for withholding tax while the bank account is credited for 9.6.
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    BR.
    Joyce

  • Tax Rounding off

    Hi All,
    Where do i find tax rounding options for GL accounts.

    hii
    path for rounding up of withholding tax types
    SPROFINANCIAL ACCOUNTING NEWFINANCIAL ACCOUNTING GLOBAL SETTINGSWITHHOLDING TAXEXTENDED WITHHOLDING TAXCALCULATIONWITH HOLDING TAX TYPE--DEFINE ROUNDING RULE FOR WITHHOLDING TAX.
    Hope u get the answer
    please assign points
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  • Rounding off service tax

    Hi Guru's,
    I would like to know what settings do I need to do the round off to next rupee in the service tax calculation.
    If sevice Tax Amt - INR 240.23 = INR 240
    If service Tax Amt - INR 240.55 = INR 241.
    That means if it is .50 and above it should round off to next rupee, else round off in other way.
    Thanks in advance.
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    Hello
    Some times rounding off in invoices can be country specific, where decimals / rules for rounding can be defined.
    Maintain  these and check. But this could affect other documents also, which I am sure you do not want.
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    SPRO-> EWT>Calucaltion>define rounding rule for tax type
    Reg
    *Assign points if useful

  • Comercial rounding in FI Service Tax Calculation

    Dear All,
    We are in Implemantation project, we done the configuration for Service Tax From FI, system is calculating the persentage but my issue is ........
    My client wants the rounding values in tax line items
    Ex ; if my tax line item is having 10.49 in this case this should be 10.00
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    Hi ,
    In the configuration of Condition type there is a option to maintian the Rounding Rule
    The rule that determines how the system rounds off condition values during pricing. The last digit will be rounded.If you leave it blank it will take Commercial Rounding and will round as example shown below
    10.454 -> 10.45 DEM
    10.455 -> 10.46 DEM
    But your requirement is to round off to the whole number instead of decimal.
    In that case Check the Pricing procedure you are using.
    Against the Service tax Condition type maintain the Cal Type as 17.
    This will round the amount according to T001R table.
    Go to T code OB90 and maintian the Rounding unit as 100 based on your Company Code and Currency.
    Hope it helps
    SJ
    Edited by: Sumit Jain on Dec 4, 2009 7:30 AM

  • Rounding off tax

    Hello all,
    I would like to know what settings do I need to do the round off to next rupee in the service tax calculation.
    If sevice Tax Amt - INR 240.23 = INR 240
    If service Tax Amt - INR 240.55 = INR 241.
    That means if it is .50 and above it should round off to next rupee, else round off in other way.
    Thanks in advance.
    Ram

    Hi,
    I have got the solution. I hope it will be useful for you also, if share with you.
    I have customized as below to meet the requirement.
    1. Rounding rule is changed to u201CCommercial u201C(Blank) for the Condition Types. (Transaction code: OBQ1)
    2. For the Condition Type, Routine 17 has been included in the u201CCalTypeu201D column. (Transaction code: OBQ3)
    3. Defined rounding rules for INR with company code and currency combination (Transaction code: OB90)
    Thanks
    Ram

  • Rounding off Serv Tax

    D/ Friends,
    We want that Service Tax (including ECess & SE Cess on Serv Tax) shd be rounded off in PO. How is this possible? Any routine is required to be assigned to the Service Tax or thru something else? Weu2019re using TAXINJ.
    Pls advice.
    Thank you.

    Hi
    Go the T code OBQ1 select the appropriate condition type & double click, for which you want to maintain rounding value. Go to Group condition
    Select round difference
    Indicator that controls whether rounding difference is settled for group
    Conditions with a group key routine.
    If the indicator is set, the system compares the condition value at Header level with the total of the condition values at item level. The difference is then added to the largest item. So it will rounded off to the nearest value of condition
    Regards

  • How to use Round off function in TAX Formula

    Dear All,
             I have to do Round off in the Tax Formula. Hence I was suggested by the SAP Forum Team to use Round off function in the Tax Formulae.
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            For Eg. BaseAmt = Total
                        TaxAmt = BaseAmt * Rate
               Now within this Eg. How will i use the Round off function and where i will use it.
               Please guide me with example.
      Regards
    Hitesh Parsawala

    Hi Hitesh,
    you can do like this
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    where you can introduce rounding function by choosing from dropdown available in Operation and by click on Insert.
    It will post following in formulla window
    Round (Number, Decimals as Number)
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  • Rounding up of service tax

    Dear Friends,
    I have a requirement with one of my customers to round up the service tax, ecess & Secess values in a contract and in subsequent billing document. Here, in the pricing procedure beside the service tax condition type as well as the Ecess & Secess condition types, i have assigned requirement13 & calculation type 17. In each of the condition type header also i have entered rounding up(A). In OB90 also i have assigned 100 against the company code and currency. Inspite of doing all these the system is still now not rounding up the values as desired. For example, 203.34 is converted to 203.00 & 203.54 is converted to 204.00. But my requirement is this that in both the cases system should round up only.
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    Regards.

    Hi Rakesh,
    What is happening in your case is the standard thing and if at all you want the system to behave like what u are saying then u need a development for this, take help from your abaper and ask him to modify the requirement 13 accordingly wherein it always takes the upper value instead of the standard rounding rules.
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  • Net Tax amount round off

    Hi all,
    I have a small problem,
    In sales Invoice I am having 10 items with different price and quantities,
    In PLD i have used formula concept to show tax wise break up,
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    For Example:
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    Assessable Value: 3697.20 (qty X Price)
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    Total of Cess 2% of BED : 5.91
    Total of HE Cess 1% of  BED: 2.95
    Total of VAT/CST 4% of (BEDCessHECess): 160.08
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    Cess:6
    HECess:3
    VAT: 160
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    Regards,
    Atul Joshi
    Edited by: Atul Joshi on Dec 9, 2008 1:38 PM

    Hi,
    If you use round off in tax formula it will bring you considerable differrence.
    You use the document level rounding in Administrattion->Setupup-Financials->Currency.
    I think this would be helpful for you.
    Rgds,
    Sundar

  • VAT/CST need to round off in MIRO

    Dear All,
    I want vat/service tax values should get round off while doing MIRO
    Is it possible?
    In our system withholding tax is getting rounded off in MIRO so my client is asking for these G/L's too..
    Please let me know if it can be done or not
    Naren

    Hi,
    Please do the following-
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    regards,
    sujit borse

  • Purchase Bill with Service Tax & VAT

    Hi Friends,
    Here i have received the Purchase bill with both service tax and VAT.
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    Here i am giving the break-up for e.g.,
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    Ser Tax 10.3%               8250.30
    Total                           88350.30
    + VAT 4%                     3534.01
    Round Off                            .31
    Total Payable            91884.00
    Pls let know how the clear and give me  the solutions
    Regards,
    Lakshman

    Hi Laxman,
    You can have a seperate condition for service tax with keeping posting key for the tax key & post the PO.
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    ZPRI           80100.00
    ZSER(10.3%) 8250.30
    Total          88350.30
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  • Withholding tax rounding Diff

    Hi
    Whilst invoicing the service tax amount is 3656.5 which rounded off to 3656 and whilst payment it is 3657.
    In the tax type I have selected w/tax comm round.
    could you help
    regards
    Jimmy

    Hi,
    Check the withholding tax type for payment and check the rounding rules.
    Regards,
    Krishna Kishore

  • Issue in MODVAT Clearing Account and Rounding off of Excise.

    I have one issue in MODVAT Clearing Account and Rounding off of Excise.
    Example:
    Material cost    100Rs.
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    1. BED             10.5 Rs
    2. ECes             2.1 Rs
    3. HEces          1.3.Rs
    At the time of GR
    Material Ac Dr          100 
         To GR/IR                        100
    At the time of Excise Capture
    We done the rounding of Excise value
    RG23 A  BED         11
    RG23 A  Eces          2
    RG23 A  HEces        1
       To MODVAT            14
    At the time of IR . System create IR with reference of PO
    GR/IR  DR      100
    MODVAT         13.9
        To Vendor         113.9
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    So we cannot reconcile the MODVAT Account
    Less Payment to vendor by 0.1 Rs
    So is there any solutions on that.
    regards
    Shayam
    Edited by: Shayam_210 on Jan 3, 2011 7:08 AM
    Edited by: Shayam_210 on Jan 3, 2011 7:09 AM

    Hi,
    Check the rounding setting in below:-
    SPRO > Logistics - General > Tax on Goods Movements > India > Basic Settings > Maintain Company Code Settings
    SPRO > General Settings > Currencies > Define rounding rules for currencies
    Regards,
    Gaurav

  • Need rounding off value for partial Goods receipt

    Hi,
    My requirement is that the PO value,PO tax value ,GR value and Invoice value(IR) should get rounded off.
    When I am using the PO value which is rounded off in PO, but at the time of posting partial goods receipt the value for the GR/IR clearing or the stock value is not getting rounded off for these G/ls.
    What should I do for this to get the rounded off values in GR.
    Regards,
    Goraksh

    Hi Goraksh,
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    BR
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