CIN Queries

Question

Hello Friends
In Configuration SPRO - Logistics - General - Tax on Goods Movements - India - Basic Settings - Determination of Excise Duty - Condition-Based Excise Determination - Assign Tax Code to Company Codes
In above configuration, we need to assign all tax codes to all company codes?
For Example, my company code is "ABCD" and I am using 25 Tax codes say T1, T2 ...... T25. I have to maintain all 25 codes to company code "ABCD" ? Please clarify?
And Second point
In Configuration SPRO - Logistics - General - Tax on Goods Movements - India - Basic Settings - Determination of Excise Duty - Condition-Based Excise Determination - Classify Condition Types
What is importance of this? Please explain
Best Regards
Vijayakumar TVN
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Edited by: Jeyakanthan A on Jul 5, 2011 9:34 AM

Answer 1

Hi,
What is TAXING!
There are tax procedure TAXINJ & TAXINN procedure which has very thin line difference in between them where as TAXINN procedure is condition based & TAXINJ is formula based.
In TAXINN procedure, tax code created in FTXP & maintain tax rate for condition types like example: basic excise duty,edu cess , H. Edu cess,VAT/CST in FV11 t.code .Otherwise you can maintain tax rate with respective condition types in FTXP during creation of tax code. But need to maintain condition record in FV11 t.code for condition types JMX1 & JMX2 are as 100%.Here all  tax codes needs to be assigned to company code & need to specify which condition type for which sort of tax for tax flow to the transactions.
TAXINJ procedure which  is formula based, where you can find Routine Involved ( selection with logic in line of condition type) which play vital role in tax calculation purpose. Where in t.code:OBCL , Company Code assigned to TAX CODE  with TAXINJ procedure.
Regards,
Biju K