Configure accounts and taxes on items

hi
how can i set an account and tax for particular item? means suppose i have two items. A and B. I want to set Account1 and vat 4% for item A
and for item B, i want to set Account 2 and vat 10%.
how can i do this? is it possible configure accounts and taxes on items or products?
Thank you

HI viralrami,
You can manage various tax types according to the legal requirements of a country or a region , your requirement is creating tax account or code on item (material level) which is not possible in customizing.
But you can surely use different tax code while posting or while creating purchase order. So, your requirement for item A and B (i.e. to set Account1 and vat 4% for item A and for item B, to set Account 2 and vat 10%.) is possible.
Use different tax code already define for A and B, or else define tax code with help of transaction code FTXP and use tax code while creating purchase order or other posting for item A and B.
Regards,
Anand

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