Tax code - creation of Percentage
Hi
i want to create a Tax code with ED 2 % , Ecess 2 % , S Ecess 1 % , VAT 1 % , CST 2 % for TAXINN COnditions
Please explain me where to assign the tax percentage i.e the entire creation from top to bottom
Thanks & Regards,
Pioneer
Hi PioneerSAP,
Go to FTXP to create Tax code Like Excise BED + Edu Cess (E1) , VAT (V1),CST (C1).
Then go for maintaining FV11 which is nothing but condition type for tax code.
JMOP , JMX1(Set Off)100%, JEC1 2% JSEP 1% THEN VAT(JVRD) OR CST,
Hope this will be helpful for u.
Thanks and regards
Gitesh
Similar Messages
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New Tax Code Creation with CST and Service Tax
Hi
I want to know the complete procedure of new tax code creation with CST and Service Tax. I want to know the steps for calculation of % of that Tax Code.
Kindly help me out.
Thanks
Kshipra GHi Expert,
Before creating a Tax Code, Create two Condition Types(T-Code: OBYZ) for CST and Service Tax, which need to Select the below Items
Cond. class - D - Taxes
Calculat.type - A - Percentage
Cond.category - D - Tax
and while creating a Tax Procedure just select the Condition Type of CST and Service Tax and provide the Account Key for both Condition Types.
Assign the GL Accounts to the Account Keys in T-Code: OB40.
Create a Tax Code in T-Code: FTXP, which is to be assigned in T-Code: FV11.
Maintain the percentage in T-Code: FV11, with your Key Combination and
Try this procedure, which will help you...
Regards,
GK
SAP -
Dear All,
At the time of Tax code creation through FTXP . i am getting the error message as Define the tax code on level 300.we are in SAP 4.7 with procedure TAXINJ. how to resolve this issue...?..
Regards
Anand.Hi,
Please go to SM30 and enter the Table Name J_1IINDCUS. Now click on Maintain. Enter your company Code 1005 and Maintain the all settings which are required.
I hope it should work
Regards,
Jigar -
Tax Code Creation when Excise is not Known during PO creation
Hi,
Scenario: Dealer's Scenario where during PO creation we don't know excise Amount and we consider PO price to include excise. Apart from excise we have CST. Excise and CST both will be inventorised.
Example: PO = 5000 (Inclusive of excise) on which CST is 1 % = 50
Now during MIGO I apply MRP tick which Splits PO base value and excise. Say 1000 is excise out of 5000.
GRN should be of 5050 ideally but the ISSUE is system posts it for 5060 Rs i.e on 1000 again system calculates CST 1% and adds it during GRN.
Can anyone suggest what could be the reason for same and how to resolve it ? Is there anything with tax code creation, tax procedure or MM pricing procedure ???
Br, DeeptiHi Deepti,
Creation of Purchase order inclusive of Excise Duty. @ 5000/- .
2. The Duties should be Inventories. But you cannot show actual Duties at time of PO.
In FV11, maintain 0% for Inventory Duty conditions. Maintain 100% for Inventory Total conditions and also maintain CST condition.
Display Taxes
3. In MIGO Base will default as PO Price, We will change it to Actual as per vendors Invoice also Enter BED,Ecs,Seces as per Invoice. Do NOT tick MRP indicator.
4.Accounting Entry for GRN
Regards,
Sachin Indulkar -
Dear All SAP Guru..........................................................................................
Please Give me a your advice for New TAX Code Creation....
Basic Before Excise 6,797
Excise (fixed based on MRP 12990 x .65 x .1030) = 870
Excise Paid Value :7,667
VAT @ 5% : 383
VAT & Octroi Paid Landing to Panchshil: 8,050
MRP of the HOB : 12,990
How was the Calculation ?Dear SIr,
But on the Vendor (Supplier)Invoice Showing
QTY :20
Rate : 5217
Total Amount : 104340
Excise Duty per rate : 714
Basic Excise Duty @ 6.5% : 14280.
Eduucess @ 2% : 285.6
ShEDucess @ 1% : 142.8
Total Excise amount : 14708.4
Total Amount : 119048.4
Vat @ 5% : 5952.42
Payable Amount : 125000.82
But Supplier say's My Rate @ Rs. 10990 * 6.5% (Excise Duty Rate) = 714.35 (Excise Duty per rate)
Supplier notification for Excise duty + VAT
Gas cooking Stove :- Excise duty is fixed and based on MRP the calculation is as follows u2013 MRP x 0.65x0.1030 (example if MRP is 10990 then 10990x0.65x0.1030 = Rs. 735) and the VAT in Maharashtra state on Gas Cooking Stove is @ 5%)
Please help me for creation of tax code calculation . -
New Tax code Creation for CST(Condition type
Hi Friends,
I am facing an issue during creation of new Tax-code for CST; condition type JIN1. After defining the tax percentage; system is picking an automatic G/L account, which is a grey field and can't be editable. We need to change G/L account and need to assign a new one.
Can you please tell us how can we remove the default assigned and non-editable G/L account.
Your support is appreciable.
Rgds, Krishan Raheja.Hi Krishnan,
Use transaction OB40, here double click on the Account Key (you can check this account key assigned to condition type in OBQ3 and also in FTXP screen) that is mapped to condition type JIN1 and enter your chart of accounts. Now change the G/L account you want.
Regards,
Chintan Joshi. -
New tax code creation and pricing procedure for Sri Lanka
Hi,
I have one company code in India..Now I have requirement to create new plant under different company code in Sri Lanka.
Can anybody tell which tax pricing procedure is to be defined for Sri Lanka and what are different steps involved in the creation of new tax code for Sri Lanka.
Thanks & Regards
Sunil SinghHi Mr. Biju,
Thanks for reply...
Enterprise structure has already been decided. Everything we have copied from India for Sri Lanka and working fine except below error.
As I have already mentioned that I have copied tax pricing procedure for Sri Lanka from Taxinn then assigned to country code LK (Sri Lanka). I have created new tax code for LK (Sri Lanka) in FTXP then I have assigned the tax code with company code in SPRO Logestic General--- Basic settings.
After completeing this config, system is showing error" tax code is not defined to company code" in MIRO.
Please suggest...
Thanks & Regards
Sunil Singh -
New Tax Code Creation with 4 conditions
Hi Experts,
I got stuck in creating a tax code. tax combination is like that 4% Vat Not Deductable, CVD 20.75% out of only 15.14% is cenvatable, discount 400.00
How to do that ??
regards
DeveshHi Expert,
Before creating a Tax Code, Create two Condition Types(T-Code: OBYZ) for CST and Service Tax, which need to Select the below Items
Cond. class - D - Taxes
Calculat.type - A - Percentage
Cond.category - D - Tax
and while creating a Tax Procedure just select the Condition Type of CST and Service Tax and provide the Account Key for both Condition Types.
Assign the GL Accounts to the Account Keys in T-Code: OB40.
Create a Tax Code in T-Code: FTXP, which is to be assigned in T-Code: FV11.
Maintain the percentage in T-Code: FV11, with your Key Combination and
Try this procedure, which will help you...
Regards,
GK
SAP -
hi everyone,
i have defined new tax codes by using OB40 and FTXP. when i create a standart PO, these codes appear at "invoice" section of ME21N. but when i enter incoming invoice from MIRO these codes don't appear. what can cause this problem. if you can help me i would be grateful.
thanks a lot.
Melihthe tax code for the PO line items should eb defaulted in MIRO. Check the layout you are using in MIRO.
If you choose the layout 'All information', tax code is the 9th column from the left.
Praveen. -
I am maintaining tax code based condition types for taxes.
I created a blank V1 tax code using FTXP for ED 16 + 2% & CST 4%
Created a blank tax code V2 for ED 16 + 2% & VAT 3%
Now in FV11 how will I maintain JMOP, JECP & JIPC
Also which access sequence shall I select.
Do we need to keep the tax codes blank as it is being fetched from condition types?
regards
VSHi VS,
We had used TAXINN without excise conditions in that case, we had just created a tax code with V1 without any values in any of the tax conditions.
The values will normally be maintained in the FV11 transaction.
Standard access seqeunce JST1 can be used with a combination of Plant / Vendor / material.
Regards,
RitiG -
Service Tax Code Creation?
Hi,
While raising A/R Invoice I have to charge service charges of Rs. 100000/- in which 67% is exempted from Service tax. In this circumstances how i have to create Service tax set up.
Ex. Service Charges -
1,00,000
Less : Abatement 67%----
67000
Balance 33% -
33000
Service Tax @ 12.36%on 33000 4,079
Invoice Total Should be 1,04,079
Pl. help me in this regard for setting up the service tax code.
Thank & Regards
Sampath Devunerisampath,
Pl follow the below link for defining tax code
use s-user id to login,
https://websmp208.sap-ag.de/~form/sapnet?_SHORTKEY=01100035870000680297&_SCENARIO=01100035870000000183&_ADDINC=011000358700002837782005E&
There is a document in pdf
Localization in 2005B for India
Jeyakanthan -
Dear all
Please help. i am creating Input and Output VAt tax codes. I cannot find the customizing for table V_T007AC (tax codes selection for transactions). The codes do not appear in the transactions FB60 and FB70.
Can you give me the transaction code for customizing table V_T007AC
Thanks,
DesimiraHi,
use the transaction code FTXP to create the tax code for output tax and input tax and then maintain the required entry as tax code use transaction code FS00 gl account settings under control tab select the tax catagory * all tax types allowed as per your required gl accounts
then you can see tax codes FB60 and FB70
regards,
Sreehari -
i know how to create tax with taxinj, but i have new client were they have taxinn, i have tried to make tax code, but its not working in po.in taxinn but i dont know the exact condition and account keys.
my tax is - excise inclusive+ 15% vat+2.5 addition tax (set off)
please help..
regard
NabilHi,
Check this link:
http://wiki.sdn.sap.com/wiki/display/ERPLO/CIN+Configuration
http://wiki.sdn.sap.com/wiki/display/BPX/ExplanationforExciseDefaultsconfigforTAXINN
TAX INN Configuration
SAM -
New tax code creation and assign..?
Hi gurus
Can anybody explain me how to create new tax structure and were to assign or configure the same tax tax structure For purchasing ..
For example,
service tax structure 12%ecess2%hsecess1% + vat4%..
Pls guide me ..
Thanks
sap-mmhi
1. Define new Condition Types by copying from the existing Condition Types OBYZ
2. Define new Account Keys by copying from the existing Account Keys
(Go to spro-> MM -> purchasng ->condition->define price determination process->define transaction and Event key)
3.go to ur tax procedure and add new condition with account key (acct key will be ur defined acct key) OBYZ
4 define tax account to ur account key OB40
5 create tax code FTXP
then
for taxinn process
cretate tax code with out values
then maintain FV11 for condition type in combination of vendor material and tax code
for taxinj
maintain rates in ftxp
reward if useful
regards
kunal -
Dear Sir,
I want create a new service tax code with 1021 % & i want to assign the g/l codes.
So advice the t.codes & procedure.
Regards,
PrasannaHi,
1) Check what is the claculation procedure assigned to your country -
SPRO>>Financial Accounting (New)>>Financial Accounting Basic Settings (New)>>Tax on Sales/Purchases>>Basic Settings>>Assign Country to Calculation Procedure
2) Check wether condition types and account key for Service tax, Cess and HCess has been maitained for the Procedure -
SPRO>>Financial Accounting (New)>>Financial Accounting Basic Settings (New)>>Tax on Sales/Purchases>>Basic Settings>>Check Calculation Procedure - Define procedures.
3) If the Condition types are not maintained, create them and include them in the procedure (you can take help of a SD or MM consultant who knows how to define a pricing procedure).
4)Define your account keys if not already maintained -
SPRO>>Financial Accounting (New)>>Financial Accounting Basic Settings (New)>>Tax on Sales/Purchases>>Basic Settings>>Check and Change Settings for Tax Processing.
Here, you will give the description, tax type as input or output as per your requirement and posting indicator as 2.
5) Assign accounts -
SPRO>>Financial Accounting (New)>>Financial Accounting Basic Settings (New)>>Tax on Sales/Purchases>>Posting>>Define Tax Accounts
Here you can maintain the GL account by double clicking ont the account key created in the earlier step.
Posting key - 40 and 50, and maintain the GL account by selecting the Accounts tab.
6) Use transaction code FTXP or the path
SPRO>>Financial Accounting (New)>>Financial Accounting Basic Settings (New)>>Tax on Sales/Purchases>>Calculation>>Define Tax Codes for Sales and Purchases
and enter country and the ID for the tax code you want to create , Give the description and mention if it is input or output tax.
In the next screen, enter the rates against the relevant condition types.
Please revert in case of any clarification.
Thanks and Regards,
Anit
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