Automatic Reconcialion of VAT Deffer Tax Account

Hi expert,
My client uses the VAT Deffet Tax. He would be able to do an internal reconciliation of Deffer Tax Account. .
I tried to use automatic reconciliation by using Ref 1, Ref2 or Ref 3 but it didnt work. So I tried to find something in JDT1 wiwh can be used for automatic reconciliation. But I have still failled.
Any ideas ?

HI,
If you maintain condition record for this 'Vendor / Plant / Material' combination and using the same combination while creating a PO, It should reflect in PO. For which condition type you are maintaining condition record in MEK1 ?
If the tax code is not coming by default in PO, then check that condition by selecting the condition type from your condition tab, and click on Analysis >> here check the condition type from where its picking.
You have options like, entering the tax code manually / Default from Info record / Default by maintaing condition records
Regds,
CB

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Assign Project Code to Tax account automatically

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When I assigned a Project code in a Marketing document, why in the Journal Entry the tax account does not assign automatically the project code the way the others accounts does?. Is there any way to achive this?
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Claudia

Hi,
Check this thread...
[Re: Project code is not tagged against service tax in transactional J.E.|Re: Project code is not tagged against service tax in transactional J.E.]
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hai gurus,
Iam here discusing about a sales return process. I have a scenario like the client sells 1000 nos of goods
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now can any suggest me is there any way to transfer the vat amunt to another insurance claim G/L account
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tax ink is been used and vat g/l account are triggered through tax code and if necessary through table entry t030k with respect to business place
with regards

We too have same req from the client & we did in below method.
we have created new condition table in VKOA - with sales org - dist channel- item cateogry(eg:REN) -
assign this table to resp access seq - make sure , it should be in first line , out of all the other tables. ( the reason is, if system finds one condition record with any resp table, it will stop searching for other condition records).
maintian return GL account against the above combinaiton created with this new table.
its working fine for us, ( if you dont find , Item category field, in field catelog, add this field by selecting , New entries- )
revert

Error in Tax account determination

Hi experts,
When i am trying to release by billing document by using t-code VF02 i am getting error:
"Error in account determination table T030K Key xxx MWS"
I checked config but could not find any thing
Can anyone help me to resolve this?
thanks,
Vani

DEFINE TAX ACCOUNTS
PATH: SPRO  FINANCIAL ACCTG  FIN ACCTG GLOBAL SETTINGS       TAX ON SALES/PURCHASES  POSTING  DEFINE TAX      ACCOUNTS
TRANSACTION CODE     -     OB40
DOUBLE CLICK ON VST INPUT TAX
GIVE THE CHART OF ACCTS          -     GES
PRESS ENTER & SAVE
GIVE THE ACCOUNT NO.          -     200155 (VAT POOL A/C)
 SAVE & SAVE IN YOUR REQUEST
SELECT BACK ARROW
DOUBLE CLICK ON MWS OUTPUT TAX
PRESS ENTER & SAVE
GIVE THE ACCOUNT NO.          -     200155 (VAT POOL A/C)
 SAVE & SAVE IN YOUR REQUEST

VAT / Service Tax recievable amount to be added to Fixed assets

Hi,
I have an issue where VAT / Service Tax on purchase of Plant and machinery, furniture and vehicle was debited to VAT / Service Tax Receivable account to set off the VAT / Service tax liability.
Now the same is not eligible to be set off against the respective liability and the tax amount has to get added to the repective assets.
Could somebody give inputs pertaining to the same.
Regards,
Soujanya.

Hi,
Your answer was helpful for me, however I got the solution from the following way:
In the process I got a message saying "There is no item category assigned to account 23470050/1000". So went and assigned item category 01000(Balance sheet)for that GL account and then passed a JV in F-02.
Entry in F-02:
P.Key 70 Debit asset with Tr Type:198(TAX JV)
P.Key 50 Credit VAT Recievable account

Business area as a req..field for vat input tax g/l

in fs00 . we set the additional account assignment for field like suppress req. entry,opt. entry..i want to know for which general ledger it will be required...?
actually in our system for (vat input tax ) gl business area it is not mandatory field ...or when i check the line items for this general ledger business area wise ...it displaying for all business area...
so tell me if i set it as req. field,then will it be right or not?
Thanks & Regards
Rekha Sharma

Hi,
To my understanding taxes are always posted without a business area. System makes transfer postings from tax account to business areas for the income and expense account. A balance sheet adjustment is carried out according to business area if 'Business Area Balance sheets' has been activated in company code global parameters(OBY6).
When you post a document the system determines this document and notes for the adjustment. Documents noted during posting are calculated for the adjustment. The system calculates the adjustment according to the account assignments. Execute F.5D(programSAPF180A) reads the marked documents, calculates the necessary adjustment postings, and updates these in its own database tables. After that execute F.5E(program SAP F180) reads the adjustment posting tables and on this basis posts the accounting documents required.
For example you posted on customer invoice:
Customer A/c Dr 1150(Accts Receivables)
Revenue A/c1 Cr         600 (BA-1)
Revenue A/c2 Cr         400 (BA-2)
Tax A/c Cr                   150
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Tax A/c 90(BA-1)
Tax A/c 60(BA-2)
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Hope it will clear your query.
Regards,
Krishna Kishore

FB60 Output Tax calculations (CST, VAT, Service Tax)

HI,
Tax rates are maintained in Condition types in SD module.
For FI transaction we need tax codes in FI. In FTXP when I am giving tax rate system not saving the rates.
Please let me know, how the tax codes are created in FI (when tax rates are maintained in SD conditions types).
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Partha

I did as below:
1. In FTXP i given percentage for respective tax codes.
2. OB40 I assigned GL accounts for respective tax codes (diff. accts for diff tax code, ie. CST, VAT, Service Tax)
But I used here MWS (which is differ to the SD account key)
Accounts are updating properly.
Can you tell me, is there any problem, or is it right or wrong?
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Partha

Business Area not captured in TAX Accounts

When accounting entry is generated for Sales of a particular part, the Business Area which is captured in the individual Sales Order is captured in the individual ledgers, but the same is not reflected in the TAX ACCOUNTS like CST/VAT Payable. Hence, filtering of ledger accounts for CST/VAT payable cannot be done Business Area wise. There is only one common GL Account for each type of tax , say, CST/VAt Payable etc. Pls suggest the solution
Regards
Sanil Bhandari

Hi,
Before executing the t.code: F.5E, you have to follow the mentioned system... otherwise u will end up with same problem.
1.First u should identifiy the gl account and balance with no business area
2.You should identify the relevant business area.
3.go to t.code: OB65 and remove the business area activation indicator(u have to do this process, when no users working on the system)
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gl account 100000    Business area 1000,2000
40 100000 a/c with blank business area      1000
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50 100000 a/c     BA 2000                                1
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6. If the above mentioned process is complete, then chcek UR gl account balance in fs10n with business area wise. If everythig was followed perfectly, then gl account balance under blank business area will be zero.
7. Then go to t.code :ob65 once again and activate the business area indicator.
Note: first create the same scenario in development or quality, if u satisfied with results follow the same in production client.
We got this kind of issue in 2005, then we rectified this issue with the steps mentioned above.
all the best
Prasad

AP Invoice - How to offset Tax account

Hi All,
   We have requirement to automatically offset tax account in the invoice distribution.
For example - If invoice is for 240 pounds with tax 40 pounds and we are using accounting rule - Automatic Offset Yes with Account Type.
Account structure-- Balancing segment - cost centre - account
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Cr - 100-222-9620 (Liablity account) - 200 Pounds
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Dr - 100-222-9510 (Item expense account ) - 200 Pounds
Cr - 100-222-9620 (Liablity account) - 200 Pounds
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Dr- 100-222-9752 (Tax Account)      - 40 Pounds
we want Cost centre of tax account picked from item expense account.
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Jay

Hi,Jay
If you are using EBS R12,just try the SLA(Subledger Accounting) to solve this problem.
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State wise tax accounts

Hi,
My client requirment is to create the tax ( VAT and CST) accounts state wise.
How can i configure this.
what are the steps involved in to set up the scenario.
Thanks and regards

Hi Kuldeep,
You can do this by using State Jurisdiction code. You will have to create Jurisdiction code for each state & one for the country as a whole . Generally CST is not maintained Statewise. Path
Financial Accounting Global Settings (New)> Tax on Sales/Purchases>Basic Settings......
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Check Calculation Procedure
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--> Calculation
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Automatic Clearing of GR-IR Clearing account

Dear all
In f.13 i am not able to do automatic clearing of rg-ir clearing account ,i am getting the massage no clearing procedures are carried out despite all selection criterial fulfilled .
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vijay

Hi,
Before performing the GR/IR Clearing, just to ensure that there are no open debit entries in the GR/IR Account, run the report thru the T Code "MR11" - Maintain GR/IR Clearing Account. While specifying the parameters, under the 'Clear Tab' check the boxes for GR/IR Clearing Account as well as Delivery Costs, this will take into account all GR/IR entries, ones meant for materail cost as well those for planned delivery costs. Under the 'Surplus Types' Tab check for Delivery Surplus as well as Invoice Surplus. Since we are just running a report ensure that under the 'Processing' Tab - "Automatic Clearance" is UNCHECKED. In the quantity variance put 100%. Exececute the report and all cases wherever there is a difference between the Quantity delivered and Quantity Invoiced, will get reported. Look for the cases where the Difference Quantity appears in minus. These are the cases where the quntatity invoiced is more than the quantity delivered and will result in open debit entries in GR/IR Account, even after the GR/IR Clearing is performed thru F.13. Investigae these cases and take appropriate action.
Assign points if found useful.
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Down Payment Received - Output Tax Account definition

Hi,
I have defined reconciliation account for down payment received under OBXR, and it works fine. However, the issue comes when we post output tax received along with customer down payment. I get the error "No taxes on sales/purch.are allowed for account 214010, O1 is not allowed". 214010 is our customer down payment account.
It looks like I have to define tax account under "Define Tax Accounts for Down Payments Received (OB40)" and also "Define Account for Tax Clearing (OBXB)". I am not sure where in OB40 and OBXB I have to define these accounts. Or is it enough if I just define tax account for down payment under OB40 and don't do anything in OBXB.
I appreciate your help.
Thank you

> Hi,
>
> I have defined reconciliation account for down
> payment received under OBXR, and it works fine.
> However, the issue comes when we post output tax
> received along with customer down payment. I get the
> error "No taxes on sales/purch.are allowed for
> account 214010, O1 is not allowed". 214010 is our
> customer down payment account.
> <b>Go to your GL account 214010 in FS00 in change mode and make the following settings from F4. < Output tax account</b>
> It looks like I have to define tax account under
> "Define Tax Accounts for Down Payments Received
> (OB40)" and also "Define Account for Tax Clearing
> (OBXB)". I am not sure where in OB40 and OBXB I have
> to define these accounts. Or is it enough if I just
> define tax account for down payment under OB40 and
> don't do anything in OBXB.
> <b>Once u make the above settings then the system will tell you whether you need to define other accounts for postings once you make postings.</b>> I appreciate your help.
>
> Thank you

Tax accounts set up in FTXP

Can anyone please tell me of How I can have Tax accounts set up for a 'Transaction'(Ex:NVV for A/P Sales Tax1) in FTXP, Or Assign Tax Procedure to 'NVV' Trans. in OB40. I am not even able to see the Transaction NVV assigned to the Tax Procedure when I view the screen(FTXP).

Hi,
You can check it from T-code OBCN. Here you can find NAV and NVV.
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NAV : Non-deduct.input tax > Posting indic. 2 Separate line item
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If you change NAV Posting indic. from 2 to 3, then you can't find NAV from tcode OB40.
Please. review following note for NVV and for further information on settings, pls. refer Online documentation.
SAP Note No. 425193 Account assignment with non-deductible tax
Please assign points if it useful.
Regards
Ravinagh Boni

What's the difference between tax account in FTXP and OB40

Hi all,
There are two tax accounts link to same tax code in FTXP for different company codes, but in OB40 I only can assign one account to tax code. What's the difference between tax account in FTXP and OB40?
Thanks in advance.
babyyw
Edited by: babyyw on May 5, 2010 8:21 AM

Hi,
FTXP no need to create a request and it is easy but in OB40 system will ask you create request. and another thing is in FTXP it is at country level but in OB40 it is at chart of accounts level.

I purchased a CD on itunes and it charged automatically to the card under the account, but I wanted it to charge to my gift card. How do I get a refund and get the music to charge to my gift card instead?

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Automatic Reconcialion of VAT Deffer Tax Account

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