Tax reversal
Dear friends,
When we cancel the material document , Part 1 enteries will reverse automaticaly, How to reveres the VAT and other taxes captured
Hi
Use TCode F-02 to post a new document to set a side the effect.
Srinivas
Similar Messages
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Dear all,
How to configure the Service tax reverse mechanism.
Pls advise below how to configure below scenario
Bill of Vendor -
Service cost
100,000.00
Add. Service tax @12.36% of service cost
12360
Bill value
112,360.00
Vendor provide bill as amount show above
So entry will be
Expenses a/c
112,360.00
cenvet not taken
Vendor a/c
-106,180.00
100% of Basis value + 50% of duty amount
Service tax payable *
-6,180.00
As we have to pay 50 % of the service tax
So 50% of [112360*12.36/(100+12.36) i.e. vendor bill amount*service tax rate/(100+service tax rate)]
and venodr a/c is to be credited with Rs. 106,180 (112,360 - 6,180)Please refer the below not from SAP for solution.
SAP Note 1736781
Thanks -
Hi
I Created the Lease Master in ASO1 and then i did the Acquisition of this Lease. then i made the payment to this Lease assets vendor.
Now, due to reason i want to reverse the Asset( AB08).But i dont want to reverse the input tax entry.
So how can i prevent to Reversal of tax entry, that was created by system at the time of acquistion of assets.
Please help me.Hi
Use TCode F-02 to post a new document to set a side the effect.
Srinivas -
Service tax line item not coming at the time of Cash receipts.
Hi Gurus
I have an issue, when i received payment from customer than no line is generated for service tax reversal which i have captured at the time of billing, but it is happining through T code F-28.
any one have some idea of it, please share with me.
Regards
ShivFrom which T code you are posting customer receipt???
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Sales Return from Customer after 180 days
Hi,
I have a requirement on sales return, if the return is done after 180 days, government does not allow to adjust the respective tax amount relating to that return goods.
For example:/sales invoice:
Customer Dr 110
Tax Cr 10
Sales Cr 100
In case of return this entry will reversed (if it is partial partial amount will be reversed).
Requirement:
If the return is happened after 180 days, tax reverse can not be accepted.
In this case what is the scenario.
1. Is this tax amount goes to Tax expnese account (Dr P/L account)
2. Is this tax amount added to Material Stock value
Please update me which more details.
Thanks
ParthaHi,
Perhaps Note 34526 - Delivery free of charge and value-added tax will suggest you a solution. You must handle it with a VOFM in the pricing procedure.
I hope this helps you
Regards,
Eduardo -
Tax calculation while posting Service entry reversal
Hi Experts,
I have a scenario where the Service entry sheet was posted for $8,479.41 with U1 as tax code. the net value after including tax is 8900.74
but when the user posted the invoice, he used I0 (tax exempt). the invoice amount now was 8305.54.
after that there was a reversal so the user posted credit memo for the same amount(8305.54).
but when we reverse the Service entry sheet, instead of reversing for the original Material doc amount (8900.74) the system is reversing the invoiced amount which 8305.54. I checked all the accounting documents but fail to see where the remaining amount 685.2 is posted. I am not able to reverse this amount in MIGO
Service Entry/Material Doc (U1): 8900.74
Invoice Doc (I0): 8305.54
Credit Memo: 8305.54
Material Doc through Service entry revoke: 8305.54
Please help me understand this scenarioHi,
Refer the note: 856682 - Goods receipt document cancelled with incorrect value which explains the reason and the system design.
Regards,
AKPT -
Handle Reverse charges tax lines from Sabrix for creation of new Invoice document.
Hi Gurus,
I am facing an issue in case where Sabrix is returning Reverse Charge Lines as show below:
Tax Rate
Tax Amount
Tax Base
-0.24
-240
1000
0.24
240
1000
The original invoice Line item was as follows:
Net Amount : 1000.00
Tax Amount : 0.00
PO Number at line level.
Tax code : I1
Now, I am using BAPI : BAPI_INCOMINGINVOICE_CREATE to create an invoice document for non reverse charge scenarios. I am filling table : GLACCOUNTDATA with other details such as GL account, tax code, amount, etc from Invoice related document and PO.
But I have no idea where should I push these reverse charge lines.
Please help me from technical perspective on how to assimilate these reverse charge lines.
Thanks and Regards,
Saurabh.HELLO STAR SHANKAR SIR,
Oh gr8. first time seeing this type of question.....
u r really...................
with regards
Suvetha
Gayathri -
Reverse calculation of tax in FI entry
Hi all,
We have a input tax code for service tax whiich is used for both PO/MIRO and FI entries(FB60).....which is maintained at tax classification level.......now i want to know how the system calculates service tax in case of FB60 (FI)entries based on tax code which i understand is a reverse calculation? FOR eg-
Expense-9075
Vendor-10000
ST basic-898
ST Ecess-18
ST S&H-9Hi,
the system calculates the tax from the gross amount and deduct it from the gros amount and comes so to the net amount.
Regards
Tarik Oznalcin -
Reverse calculation of tax amount
Hi Experts,
Is it possible to calculate tax on reverse mode?
I will enter the total invoice amount, the system will calculate the unit price and tax amount.
How will it possible?
Regards,
Sanju M Sclosed...!
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MRO reversal in case of Withholding tax deducted
Hi experts,
We have pass MIRO with deduction of TDS from vendor by mistake and we have issued the check to vendor against same MIRO check was en cashed.
we found the mistake after en cashment of check.
before MIRO reversal when i try to reset the payment document system asking to cancel the check and showing message FS642
I found that because withholding tax in MIRO this is showing. without withholding tax in miro payment document is resetting.
In my case check information resetting and cancellation is not possible.
without cancellation of check is there any solution for resetting payment document for reversal of MIRO ( It is required to reset the payment document from cleared item to open item before reversal the MIRO)
quick and useful answers duly rewarded.thanks for your reply,
cancelltion of check is not possible, because check already encashed.
I have also tried manual reversal of tds, but still it is showing in J1inmis, but TDS Gl account was cleared
when i try to challan updation for the above line items through J1INCHLN it is showing error message
No unpaid tax lines exist for the given selection criteria.
Message no. 8I702
Diagnosis
The corresponding withholding tax line &1& is not present in WITH_ITEM table.
System response
For withholding tax recovered from the vendor, tax line is present in table BSIS, but the corresponding entry is missing in table WITH_ITEM , which is necessary for challan updation. Check the entries.
Procedure
check entries in table WITH_ITEM for the open tax items chosen for clearing.
please help me -
Reversal of Withholding Tax on Down Payment
Hi,
I am facing problem since the withholding tax is not getting reversed automatically while clearing the downpayment with invoices (T Code F-54)
Can anybody please help?
Thanks & Regards
PranavHi,
You need to enter business place/section code while making downpayment and invoice booking time. When you reverse the downpayment you need to give the invoice document no. it will get reverse now.
check and let me know
Vara -
How to stop MR8M reversal after paying tax (TDS ) on that document
Hello experts ,
As Miro document can be reversed (MR8M) after paying tax on , like TDS and our requirement is ones we paid the tax on that particular document it should not be reversed .
like in transaction FB08 first we have to reset cleared items ,then only system will allow to reverse .
same thing we are expecting for transaction MR8M.
how this can be achieved ?
thanks in advance
SachinThanks alex for your quick reply
But i am not able to relate BTE 1050 to restrict MR8M , can you please elaborate it in detail .
As i want to do this work without taking help of ABAPer please help .
thanks
sachin -
GST Malaysia reverse charge through Deferred tax
Dear Community Members,
rather than following SAP's suggestion to implement (at least) the four notes 1979386, 2000583, 2011533 and 2062785, we decided to go for a custom development to post the reverse charges, I mentioned that in an earlier blog entry http://scn.sap.com/blogs/GST_Malaysia/2014/11/28/reverse-charge-mechanism. It creates separate postings based on the clearing documents and the original invoices.
What I'm not happy about are the looks of these postings in the GST-03 report. The reverse charge postings from the custom program are G/L postings with no reference to the vendor, they show no business partner in the GST-03 report.
To those of you who got the reverse charge mechanism posting working through SAP's propose solution of Deferred Tax, can you please let me know whether the business partner is correctly populated in the GST-03 report for the reverse charge postings?
Thanks and regards,
ChristophHello Sonal,
thanks for your reply.
The mentioned SAP note is fixing the wrongly displayed business partner as the variable was not cleared.
My question was rather aiming at what the report will be showing if the Deferred Tax solution is correctly implemented. Is the business partner then also empty for the reverse charge postings?
Best Regards,
Christoph -
Tax Code SAP - Reverse Charge in France
Hi Experts,
I'm implementing the TAX CODE for my Franch Client. I have worked often Italian Company where the reverse charge is used in SAP different.
Could you explain to me how the calcolete of the reverse charge is done in Franch?
Thanks a lot
Regards
GiampaoloHi,
I tried creating the validation under ' complete document', however, it seems that I am not sure what to create in the rule. My requirement is :
1. If there is manual psoting (i.e., if we use transaction code FB01 to post)
2. Company code is AA
3. If the tax code XX is used in the journal
Check:
There is tax code YY also in the journal
Message:
It should give an error message and should not allow user to post
Kindly advise how I can proceed for the same.
Regards,
Abhishek -
Reversal Document is Showing wrong figure in Service Tax Report
Hi All,
The data inconsistence in Service Tax Report.
The reversal documents are showing the excess amount while runnig the Service tax report.
Could you please help in finidng the reason and solution for this behaviour. All reversal documents are showing excess amounts in this case.
Thanks,
NanduHi all,
The Tax transfer amount of reversal document should be Zero in ST Report and in Final GL. But the service tax report is showing wrong figures.
We reversed the tax transfer document to remove the wrong line from Serv. Tax Report as well as from Final GL.
As per the business requirement if any invoice and payment is wrongly done, that should be reversed.
Before reversal of this we need to reverse the tax transfer entry, then only we can reverse the payment as well as the Invoice.
Apart from this, If any other procedure please let me know in order to avoid errors in the service tax report
Regards,
Nandu
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