Accounts for tax transactions
Hi
In OB40 what accounts should be assigned to the following standard transactions-
ESA
ESE
JI5
JI6
JN6
JN7
JP5
JP7
VS1
VS2
VS3
VS8
VS9
ZSE
ZSS
Will assign full points. Thanks
Hi
In OB40 what accounts should be assigned to the following standard transactions-
Kindly assign the follwing accounts
ESA - SERVICE TAX CREDIT
ESE - SERVICE TAX DEBIT
JI5
JI6
JN6 - A/R VAT Payable
JN7 -A/R CST Payable-VAT
JP5 - A/P VAT Raw Material Deductible
JP7 - A/P VAT Capital Goods Deductible
VS1 - A/P Excise duty for Setoff
VS2 - A/P Additional Excise Duty for Setoff
VS3 - A/P Special Excise Duty for Setoff
VS8 - A/P Service Tax Set Off
VS9 - A/P ECESS ST SETOFF
ZSE - A/P SECESS ST SETOFF
ZSS - A/R SECess Service Tax
Thanks & Regards
Mahesh
Similar Messages
-
Define Accounts for Tax Clearing
Dear all,
I have to Define Accounts for Tax Clearing but I don't understand business that use this account
Please give me a example about business that use this account
Thanks so much
MinhtbHi,
I would like to explain it with an examble (it is in India),
We have a tax element called Excise Duty which will be levied on all material sales. In india, there is a option to utilise the purchase related Excise Duties against the Excise duty payable on sales. For utilising this, we have to maintain all excise related records. To ensure the accounting of purchase related duties, companies are puting a control that the invoice verification (MIRO) can be done only if the incoming duty is
accounted.
At this place tax clearing accounts are used. Here at the time of accounting duty the tax clearing account will be credited and at the time of MIRO the tax clearing account will be debited. Hence, the balance is Zero.
Examble,
Procurement cycle,
1. Goods receipts (MIGO)
Dr. Inventory a/c
Cr. GR/IR Account
2. Excise duty (J1IEX)
Dr. Duty Input a/c
Cr. Tax clearing account
3. Invoice verification (MIRO)
Dr. GR/IR a/c
Dr. Tax clearing a/c
Cr. Vendor a/c
There is an another chance of creating a liability at the time of transaction will hit a tax clearing account and at the time of payment it will clear the tax account.
Hope it clears your doubt
Regards
A.Saravanan -
Assigning my G/L account for Taxes(Excise) to my Chart of Accounts
Hi,
I am facing a problem in determing a G/L Account for my taxes on sales/purchase of goods.
So i need to create a new G/L account for taxes and assign it to my chart of accounts.
plz. help me in doing the same.
thanking you.
Siddharth.Hi
You can create GL accounts Via FS00,when creating GL accounts via FS00 you create it with reference to your chart of accounts so you need not assign a GL to your chart of accounts.
Good Luck
Hari -
Account for tax differencies.
Hi All,
where i can configure GL accounts for tax differences. this is due to error in differed tax transfer amount in other than indian currency.
regards
SrinuHi,
i am running S_AC0_52000644 - Tax Reports -> General -> Deferred Tax -> Deferred Tax Transfer (New) report for differed tax transfer. system is transfering education cess and SHES, it ignores basis. if run SM35 it execution FB05 with all details. finally it gives message Ex.rate diff.accts are incomplete for account 0001505560 currency INR.
regards
sree -
G/L accounts for TAX in FTXP and OB40
Hi,
It i s possible to assign G/L accounts in FTXP and OB40. Is it possible to block this option in FTXP?
The reason is that they are change VAT codes / assign G/L accounts on the different locations. On our location we change it in OB40 for the reason that you have to creae a transport and that the it is then locked for other users to make changes in OB40 (transport are done with solution manager).
Now the situation is that when some use FTXP and the changed G/L account it is going with me transport.Hi,
You are right, the best way to change an GL account regarding tax code is using OB40 transaction.
Your basis team will be able to block the changes about GL account in FTXP transaction.
Thanks -
Dear SAP Experts,
We can do the tax postings from the FI Accounting Under Taxes on Sales /Purchases. through account keys and the Tax codes.
Please tell me now from the SD side Pricing :
Do we agin need to define the account keys for the Tax posting as it is already done in the FI.
Plez Explain.
regards,
A SDear AS,
VKOA is basically used to determine Revenue A/Cs types, such as Revenue, Sales Deductions, Frieght etc.; based upon Condition Types - KOFI & KOFK (To know more about KOFI, KOFK, either search forum or I'll provide links to my posts in some of the threads).
VKOA settings are also used to determine Provisional A/Cs like, Accruals or Rebate etc..
You define G/L accounts for MM integration at T Code: OBYC, and for SD T Code: VKOA. When you post purchase order the is no posting to FI, when you post invoice or goods receipt then there is affect in FI. Where as in SD when you post sales order no entry to FI; when you post sales invoice for post goods issue then there is affect in FI. For this, 2 MM and SD transactions to post to fi you have to give accounts at T code OBYC and VKOA.
This is basically the The Accounts Receivable (FI-AR) module, which is closely integrated, for above explaination.
Best Regards,
Amit
Note: Reference:
[Integration - FICO with other Modules|http://www.sap-img.com/financial/integration-of-fico-with-other-modules.htm]
[Account Determination|http://help.sap.com/saphelp_470/helpdata/en/2d/bdd69dd9b411d199d80000e8a5bd28/content.htm] -
Account for tax posting could not be determined
Hi experts,
I am trying to post an incoming invoice thru transaction ETRANSF. I get 2 errors which are
1> "Message no. EDEREG_INV682" "In posting area 0010 you store the account determination for the sales tax (company code 0001, tax code V3)."
Action taken: Maintained the entry in FQC0 for Area 0010 - V3 - MWS(output tax)
2> Tax code V3 country DE does not exist in procedure TAXD
"If it is not an input error, check and possibly change the system settings.
To do this, choose Maintain entries (F5).
Check whether the company code is assigned to the correct country and whether the correct tax calculation procedure has been entered for the company code country.
Create a new tax code if necessary."
Not being a FI consultant, i have no clue where this entry would be maintained and am getting both the errors even after taking action mentioned in error 1.
Thanks for your help in advance..
Cheers,
AnasuaHi,
for the first message please check the customizing in TA SPRO:
Financial Accounting (New) -> Contract Accounts Receivable and Payable -> Basic Functions -> Postings and Documents -> Document -> Define Account Assignments for Automatic Postings -> Automatic G/L Account Determination -> Define Accounts for Sales/Purchase Tax
Here you have to maintain the correct account account determination for the sales tax.
for your second message you have to check:
Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Tax on Sales/Purchases -> Calculation -> Define Tax Codes for Sales and Purchases
Hope this helps.
Best regards,
Alexander -
Hi,
I was serching for report which has missing GL accounts for the Tax codes. T.code OB40
Is there any report/table where we can find out this. ?
Your sugeesions would be really helpful for me.
Thanks,
ManasiHi All,
Thanks for your quick reply.
I tried T030K but it does not slove the problem.
In OB40 we have Transactions for Tax codes ; for that transactions I need to know for which transactions GL accounts are not updated/not assigned.
Is there any standard report /table is available for this?
Thanks,
Manasi -
Request for the creation of a new Unemployment account for tax
Hi Guys,
This is a question with regard to US tax. We have received a request for the creation of a new Unemployment account for the payment of taxes. This is because the account assignment number has changed for a particular company code in Tennassee state. Please let me know where this change could be made in SAP.
Thanks,
SubbaiahSubbaiah,
Table T5UTL is used for New Tax Company Codes. If this is a new legal entity, youu2019ll need to set up the Tax Company here. Youu2019ll also need to assign at least one Personnel Area to this new Tax Company. This must be established in order to update the next table shown below, but only if itu2019s a new legal entity. The user will know.
Table T5UTH is for establishing the account number to be used in BSI. It must be established in order to update the next table shown below.
Table T5UTI is for assigning account numbers by Tax Company Code. Youu2019ll need one for Tax Authority TN, Tax Type 10. The user will need to supply this information to you.
Table BTXRATE will need to be updated with the Tax Company Code, year, and the State Unemployment Insurance rate & taxable wage amount.
Once this is done, youu2019ll need to update BSI.
If Tennessee is a new state, youu2019ll have work to do with the tax models.
Regards,
Howard -
Experts,
I am trying to change the tax accounts for some tax codes - I went to T Code FTXP and clicked on Tax Accounts, but i don't see a way to amend them.
Can somebody guide me as to how i can change them.
All answers would be duly rewarded with points.
Thanks,
NanditaYou can go through following to get to tax codes and maintain them
SPro- Financial Accounting- financial accounting global settings-Tax on sales and purchases-postings-define tax accounts.
and select the method you want in the rules select tax code and make the entries.
the t code is ob40
assign points if helpful -
Excise modvat accounts not defined for CAPE transaction and TS excise group
Hi Guys,
Suddenly we are facing issue during exicse invoice capturing with MIGO
system is giving following error
"Excise modvat accounts not defined for CAPE transaction and TS excise group
Message no. 8I402
While in Excise account assignment table CAPE is Linked to Modvat Clearing Account which is further liked to correct GL
Can any one explain the cause of this issue Points will be awarded
Regards,
AshishHi
Pls maintain the following:
1. SPRO->Logistics General -> Tax on Goods Movements -> India -> Account Determination -> Specify Excise Accounts per Excise Transaction
Pls note the Sub Tansaction type is IP for ETT CAPE.
ETT <b>Sub Trn Type</b> DC Ind Account Name
CAPE IP CR Credit ONHOLD CENVAT on hold account
CAPE IP DR Debit ONHOLD CENVAT on hold account
CAPE IP DR Debit RG23AED RG 23 AED account
CAPE IP DR Debit RG23BED RG 23 BED account
CAPE IP DR Debit RG23SED RG 23 SED account
CAPE IP DR Debit RG23ECS RG 23 ECS account
2. SPRO->Logistics General -> Tax on Goods Movements -> India -> Account Determination -> Specify G/L Accounts per Excise Transaction
Check the G/L accounts for Excise Transaction Type CAPE and maintain the same G/L accounts for ETT CAPE with <b>Sub Trn Type IP</b>.
Hope this clarifies.
Thanks -
Creating a tax code in FTXP I can't fill in an account for NVV
Creating a tax code in FTXP,
for my tax code I've filled in a Tax Percent. Rate for Transaction Key NVV but SAP doesn't allow me to fill in an account for this
Transaction Key in the tab tax accounts.
What cuold it depend on?
ThanksHi,
Well NVV account key in sap standard is a non deductible key and it would not be display in OB40 for account assignment.
If you see NVV properties in OBCN it will display check box ticked for not deductible and posting indicat. 3.But if you want to use it for tax posting untick that check box and change posting indicator to 2.
Then it will show that key NVV in OB40 and let you assign gl for this key.
Regards
Arun -
Excise modvat accounts not defined for DLFC transaction and 01 excise group
Dear All,
While creating excise invoice through i am getting the error Excise modvat accounts not defined for DLFC transaction and 01 excise group. So i am not able to save that excise invoice. we have used the TAXINJ procedure.
I had already maintained the settings SPRO > Logistics general > Tax on
goods mvmt > India > Business trasacttion > Outgoing excis einvoice >
Maintain default excise series group
and also maintained settings, SPRO > Logistics general > Tax on goods
mvmt > India > Account Determination > Maintain Subtransaction Types
Please help me inthis aspect to come out of this problem
Regards,
Suresh Yadav.Hi Suresh,
Maintain G/L accounts for DLFC transaction under SPRO > Logistics general > Tax on goods
mvmt > India > Account Determination > Specify G/L accounts per Excise Transaction.
Regards,
Rajesh -
Excise modvat accounts not defined for CEIV transaction and excise group`
Dear All,
During outgoing excise cancellation i am getting the massage
`Excise modvat accounts not defined for CEIV transaction and excise group`
I have checked the following,
GL is assigned in excise account determination.
the transection type CEIV is assigned to account field cenvat sup.
Please put some light on this issue.
Thanks in advance.
deeptiDear Deepti
Follow the IMG Path.
Logistics-General --> Tax on Goods Movements --> India --> Account Determination --> Specify Excise Accounts per Excise Transaction.
Here you have to define respective G/L accounts for "Excise Transaction Type CEIV". Check with your FI Guy if you have any clarification.
Thanks
G. Lakshmipathi -
Excise modvat accounts not defined for CAPE transaction and g1 excise group
hello
while doing migo of asset and capturing its excise
i am getting an error
excise modvat account not defined for Cape transaction and g1 excise group.
please help
thanks
vijay1. SPRO->Logistics General -> Tax on Goods Movements -> India -> Account Determination -> Specify Excise Accounts per Excise Transaction
Pls note the Sub Tansaction type is IP for ETT CAPE.
ETT Sub Trn Type DC Ind Account Name
CAPE IP CR Credit ONHOLD CENVAT on hold account
CAPE IP DR Debit ONHOLD CENVAT on hold account
CAPE IP DR Debit RG23AED RG 23 AED account
CAPE IP DR Debit RG23BED RG 23 BED account
CAPE IP DR Debit RG23SED RG 23 SED account
CAPE IP DR Debit RG23ECS RG 23 ECS account
2. SPRO->Logistics General -> Tax on Goods Movements -> India -> Account Determination -> Specify G/L Accounts per Excise Transaction
Check the G/L accounts for Excise Transaction Type CAPE and maintain the same G/L accounts for ETT CAPE with Sub Trn Type IP.
Regards
vijay
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