COMPOSITION OF VAT & SERVICE TAX

Dear Gurus,
I am facing a problem, in one of my both 4% VAT and 10.3% Service Tax is applicable.
My Base Value is 165000 INR
Vat 4% is calculated on base value ie 165000
but in case of service tax the 33% of base value will be considered for calculation .
ie 33% of 165000
kindly guide me how to do it .
Thanks in advance
With warm regards
Soumen

Hi there,
Go and change the condition records for the service tax for the appropriate key combination.
Let me give you an clue, you can mantain the condition record for service tax to be calculated on percentage basis and accordingly in the values for the condition type you can mantain 0.33%, or do the back calculation and mantain the percentage.
Regards
Sujoy

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Dear all,
I have configured tax on sales & purchase.
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> Dear all,
>
> I have configured tax on sales & purchase.
>
> My client wants the following combination.
>
> Service Tax , input tax,output tax, with VAT &
> without VAT. I have also configured. Can anyone tell
> what are the GL accounts that have to be assigned in
> OB40 under what transaction. for example MWS, VST,
> etc.?
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>
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>
> Regards,
>
> A.Anandarajan.

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Hi,
We are in Construction.The Job Contain Material as well as Service.
Like Making of Drainage for that The Company Send the Po Which Contain Like Labour ,Cement every thing.As the Comapny DOn't do the Gr so they maintain it as Services .The Po Conatain the Limit of 100000 INR which include Vat,Service Tax All.At the End of the Work The Venodr Produced a Bill of 1 Lakh.
The Calculation Should be Like this
33% of 100000=33000
On 33000 that Service tax 12.24% =4039
67% of 100000=67000
67000 on that Vat 4%.
How to do it as the Po conatin only one line item.How can I control the tax code??

Hi,
U create two service entry sheets, One of 33% and another of 67%.
During the IV, you give the respective tax code in the tax field.
ST for 33%
and VAT 4% for 67%. Both the tax will be captured.
Hope it will help u.
regards
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Hi,
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I am rasing a service PO with the value of 500 INR. Then i am giving tax code as S1 (10,2,1% +4% VAT Service tax code). it is not calcuating the taxes. Our tax procedure is TAXINN. maintianed the condition type for S1 tax code using FV11 T. Code.
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Check customization and also refer below note
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Hi .,
My client wants to configure the following scenario without changing tax procedure( TAXINN)
While creating a PO for Rs. 100 then on Rs. 30 there
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Please reply fast .
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It can be done from condition record, use T-code FV11 for the creating the condition records, check your key combination, as my experience goes this business requirement will be restricted to one vendor and material so choose the same while creating the record.
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Regards,
Sujoy

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Hi,
My problem is not yet solved.
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check tcode OBCN.
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Sahil K

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http://wiki.sdn.sap.com/wiki/display/ERPLO/ServiceTaxConfigurationinIndia+(SD)
Service Tax Configuration
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We had defined the MM Pricing procedure as per below Scenario
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Regards,
S Anand

Hi as far as my knowledge Serv tax and VAT are charged on base price because you can not charge a tax on the tax . We have configured such scenario by creating the tax code .
Example -- we have tax code V5
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Hope it may solve your problem .
Pls revert back
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PO: service tax , VAT applicable

Dear All,
in a PO, i need to calculate total price.
Base price
service tax 12.36% on base price
subtoatl1 = base price+ servce tax of 12.36%
VAT- 3% on subtotal1.
how to map in SAP
please let me know

Welcome to the forum.
Before posting any threads, please go through the forum rules as indicated in the link
[Before you post: Rules of Engagement |Before you post: Rules of Engagement;
As mentioned, please search the forum before posting.
thanks
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Purchase Bill with Service Tax & VAT

Hi Friends,
Here i have received the Purchase bill with both service tax and VAT.
Pls let know how to prepare the PO and MIRO/MIRO.
Here i am giving the break-up for e.g.,
Total Value                  80100.00
Ser Tax 10.3%               8250.30
Total                           88350.30
+ VAT 4%                     3534.01
Round Off                            .31
Total Payable            91884.00
Pls let know how the clear and give me the solutions
Regards,
Lakshman

Hi Laxman,
You can have a seperate condition for service tax with keeping posting key for the tax key & post the PO.
Condition
ZPRI           80100.00
ZSER(10.3%) 8250.30
Total          88350.30
According to vat code defined it will calculate on this value.
Regards
Rang

COMPOSITION OF VAT & SERVICE TAX

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