Creation of Tax Code - Service Tax + VAT
Hi,
I want to create new tax code
Service Tax - 4.12% + VAT 5%.
The steps i followed is in FTXP,
1. Against JSRN given value - 4.12
2. Against JVRN given value - 5%
But it gives me error. Define tax code at level 510.
I want to create new tax code SV which includes Service Tax + VAT.
Kindly let me know the proper way to do it and where i am going wrong.
Regards
Manisha
Hi,
My problem is not yet solved.
I want Service Tax - 4.12% + VAT-5% under one Tax code SV.
I repeat I have created tax code SV
In FV11,
for JSRN i give tax code SV and value 4.12% for Service Tax but for JVRN when i give tax code SV and value 5% it gives me error :
'Tax indicator SV has percentage rate 4.12%'.
Kindly let me know proper solution, i have checked settings are all proper as per your replies.
Just let me know how do i create the two taxes JSRN and JVRN under one tax code SV because SV accepts only one fixed value.
Regards
Manisha
Similar Messages
-
New Tax Code Creation with CST and Service Tax
Hi
I want to know the complete procedure of new tax code creation with CST and Service Tax. I want to know the steps for calculation of % of that Tax Code.
Kindly help me out.
Thanks
Kshipra GHi Expert,
Before creating a Tax Code, Create two Condition Types(T-Code: OBYZ) for CST and Service Tax, which need to Select the below Items
Cond. class - D - Taxes
Calculat.type - A - Percentage
Cond.category - D - Tax
and while creating a Tax Procedure just select the Condition Type of CST and Service Tax and provide the Account Key for both Condition Types.
Assign the GL Accounts to the Account Keys in T-Code: OB40.
Create a Tax Code in T-Code: FTXP, which is to be assigned in T-Code: FV11.
Maintain the percentage in T-Code: FV11, with your Key Combination and
Try this procedure, which will help you...
Regards,
GK
SAP -
Function of Tax code in tax determination
1.What is the function of Tax code in tax determination, and where it is assigned ?
2.What is the use of VAT registration number in Control Tab page in Cusomer master ? Does it effect the tax determination in a transaction ?Hi Sunil,
1. Tax code determines the percentage of tax on purchases
Steps for Tax determination:
Define Condition Types
Define Procedures --- You need to define the tax calculation procedure for your country
Select the calculation procedure / control data------- give the Procedure for tax determination
You create the tax code at Tcode-- FTXP
There you provide the tax percentages for the tax code
Define the tax account the Account key (OB40), which will be an account determination
2. VAT registration No in customer master will be used for any kind of tax exemptions if applicable
There can be impact inthe tax determination as the customer is entitled for the exemption.
Award points if useful,,
Thanks and regards,
Sri -
Tax Code and Tax Amount Fields are not appearing
Hi to all,
While making Downpayment Request (F-47) Tax Code and Tax Amount Fields are not appearing in the screen.
for more clarity...
suppose PO is 1150 include all taxes ( Amount 1000+ Tax Amount 150)
as per agreement with vendor we need to raise DR for 1150 and based on DR we will make downpayment to vendor (F-48)
But in F-47 screen Tax Code and Tax Amount fields are not appearing.
Could any body help me on this??
Thanks in Advance
Regards,
Schilukuriwhy you are looking for tax code field, pay gross amount as per PO, same amount will update in PO history as well as Vendor account.
Even if you find the tax code field and check the tax code check box, system will not calculate tax at the time of down payment or down payment request.
Please remember that by default standard SAP provides the tax code field in f-47 or F-48. -
Deafult tax code and tax jurisdiction per vendor
Hi,
We are using tax jurisdiction in Process, now while creating Po every time according to vendor we have to enter the tax jjurisdiction and tax code , i s there any mwthod with which we can set default tax code and tax juridiction code as per vendor means we want to maitain as per vendor code, so that for eah item i n that PO , tax code and jurisdiction code will come automatically.
I have also check by making the tax jurisdiction code mandatory in Vendor master , in vendor master i have added tax jurisdiction for the vendor but while creating PO, system is not selecting the tax jurisdiction automatically.
regards,
zafar
Edited by: zafar_karnalkar on Jun 4, 2010 6:18 AMHello,
Tax Jurisdiction code will be determined from the plant. Please check your Plant/Site Master. SAP provided a BADI ME_TAX_FROM_ADDRESS also to redetermine Tax Jurisdiction code based on custom logic.
For Tax codes, you have to maintain condition records for condition type NAVS using MEK1. There are many standard access sequences available to maintain this. You may also build custom one if needed.
Thanks,
Venu -
Reg: tax code and tax percentage
hi all,
i have tax code, from that how can i get the tax percentage
is there any table which maintain both tax code and tax %
thanks
sureshHi,
For calculating Tax you need to look into KONV table.
Based on the pricing conditions you need to calculate the Tax percentage.
you can just go the particular transaction for which you want to calculate the tax and there you
can find the prricing conditions declared under the tax based on which you will calculate the tax.
Regards,
Raj. -
Setting in Tax code for VATABLE VAT on Capital Goods
Can anybody tell me setting of Vatable VAT in Tax code on Capital Goods in Calculation Procedure Taxinn
Hi
first check the all conditions assign with pricing procedure.
check tax code assign with co code and for vat condition type created the condition records or not ?
check the validity periods of condition records.
laxman -
List of tax code with tax rate
I need a list that give the tax code with the tax rate.
I can view this in SAP or witch table i look this.
Moderator: please do not log issues twice and crosspost into different (and wrong) forums. Thread relocated to ERP Financials and locked.hi
>i wanna see the list of the tax code defined for the Service PO in its "invoice" tab.like for service tax we have three tax :
check T code FTXP
> tax code displayed to which the calculations are applied
check t code OBYZ
regards
kunal -
Configuration of Tax code under Tax Jurisdiction for Canada
Hello All,
We need to create new tax code for Canada & use Jurisdiction code.
We have created a new jurisdiction code.
Now, at the time of creation of tax code, it is observed that some line is active whereas some line is deactive.
Question:- is there any setting wherein we can define a tax line item as to active or deactive for a given tax procedure?
Thanking you in anticipitation
Regards
SantsohHi,
In FTXP, the tax line will be active only when you enter some rate in it, even 0 % rate.
However you can manually deactivate the tax line in FTXP.
Regards,
Gaurav -
Determination of TAX Code from Tax Percent
Hello Gurus,
I have a requirement wherein, i need the VAT Code(Tax code) based on the tax percentage which I have.
I have with me the following information only:
1. Total amount(net + tax)
2. Tax Amount
3. country
4. company code.
5. Tax Percentage
Can you please let me know as to how will i get MWSKZ field based on above information. i.e TAX code.
<< Moderator message - Everyone's problem is important. But the answers in the forum are provided by volunteers. Please do not ask for help quickly. >>
Edited by: Rob Burbank on Oct 28, 2011 9:20 AMHi Manoj,
Go through the below tables .
<div class="jive-quote">T007A " Tax Code and Country
A003 " Condition Code
KONP " Tax percentage
</div>
Regards,
Maruthi
Edited by: Rob Burbank on Oct 28, 2011 9:21 AM -
Deffered Tax Transfer - Service Tax Advance payment
Hi,
I have created two Tax codes for service tax S1 and S2 for interim and final. While receiving the advance payment I am using the final service tax code S2 and while posting the invoice i am using the interim service tax code S1. I am clearing the advance against invoice using the T.code F-39. When I am running the derrered tax transfer S_AC0_52000644 the system is not picking this partly paid (adjusted the advance) invoice. Both the tax codes are having more than one tax rate like base rate, edu.cess and H. edu.cess. I also created another tax codes I1 and I2 with one tax rate for all base rate, edu.cess and H edu.cess and while doing the above transactions the system is picking the document.
Could you please let me know what is the reason the system is not picking the document in the first case.
Advance thanks for your help and Regards
Koteswara Rao Padartihi...
please dont use a deffered tax code for down payments...
Raghav -
Hi Gurus
As everyone knows service tax credit can be taken only when it is paid to vendor. How this problem is solved in SAP. I mean when i make payment to vendor the entry for service tax entry should be passed.
Useful answer will be assign with points.
Regards
NNShi,
We had similar problem in our company. We have developed a zreport which gives the information of vendor invoices that are paidt. Based on the report, we are manually transferring the amounts from input service tax clearing account to Service tax credit account.
Regards
Rajanikanth -
Blocking of FTXP - tax codes & TDS tax codes
Hi viewers,
my client is being with SAP from last 7 yrs. Every year we used to create new Tax codes..... so now it became a big list. my client wants to block all the previous years tax codes.( i.e it should not appear in FTXP) & also TDS tax codes...... so pls let me know is there any process to block.
Rgds,
SwathiHi
Regarding EWT Tax Types and codes.There is a step Activate Extended Withholding Tax, DESELECT the extended withholding tax checkbox. then these tax types and codes will not get displayed.ie they in HIDE mode.
Regards
Venkat
Edited by: Venkat Dara on Jan 6, 2009 9:05 AM
Edited by: Venkat Dara on Jan 6, 2009 9:44 AM -
Service Order+Service tax with Consumption of material(Vatable) from vendor
Dear All ,
We have a service scenario at my client . My client is sending some material for service work.The vendor during service work adds some conponents(vatable) and sends it back to client .
What I suggest is to create a Material with material type non stock NLAG . Then create a service PO with 2 lines . First with cost centre/service assignment and with tax code service tax. Second with this non stock line item with tax code VAT .
I am making it nonstock as this is consumed immediately at vendor end .
Is this the right approach to do it ?
Anybody kindly Reply .
Regards
Abhijit DasThis issue is closed
-
how to create new tax codes
Service Tax 4% on 33% VAT 4% on 90% Non Deductible
Service Tax 12.24% on 33% VAT 4% on 90% Non Deductible
regards
anilHi Anil,
This is an example from Italy:
Local purchases 20% 40% recoverable
Base Amount 100 0 BASB
Round.Up Output Tax MWS 110 100 MWAI
Input Tax Round.up VST 8.000 120 100 MWVI
N.d.input tax NAV 140 100 MWNI
Non-ded.InputTax -RU NVV 12.000 150 100 MWZI
Acqu.Tax Outgoing-RU ESA 200 100 NLAI
Acqu.Tax Inc.- Ro.up ESE 210 100 NLVI
VST is the deductible tax and NVV the Non Deductible tax.
I hope that you can use this and that you don't have to change your calculation procedure.
Paul
Maybe you are looking for
-
Report with Prompt on Home Page
I have created a report with column prompt. I have also included this report in 'My Home Page custom report'. But when i access 'My Home Page' i dont see the Prompt, i only see the report with all columns & data. Have i skipped some step to include p
-
Problem with remove a node from a list
ArrayList<My_node> list = new ArrayList<My_node>(size_of_list); My_node is : public class My_node { public int key; public String value; public My_node(int x,String y) { key = x; value = y; public void del_(int num,String name) { for(j = 0;j<list.siz
-
I'm a system administrator at a school. Currently I'm in the process of testing iMovie 08, as we've purchased the 3 year maintenance plan. When trying to import from a DV deck I'm given the error Can't Create Event The import was canceled. You may no
-
Hi all Please help me to dothis I am displaying the error message by checking the input values at selection scree.Now the problem is after displaying the error message focus is comming on to the first field of selection screen but I want it to
-
Lion server upgrade broke wikis
I had several virtural domains set up on snow leopard server mydomain.com1 mydomain.com2 etc... They were all in our dns and working properly. However, after upgrading to lion server none of the wikis work. Typeing in the url of an old wiki gives the