Education cess- BUdget 2007

Hi,
For education cess, if we are creating new tax types and codes for 1%, from 1st April 2007, What about the vendor invoices  cleared for both the years 2006 and 2007. If we assign the tax type and tax code to the vendor Master should we have delete at the time of invoice verification.
Thanks
Uma

dear santosh,
  since we are in ITG phase of project, i am capturing excise invoice in MIGO and then doing MIRO.
then J2I6 - Print Utility program
then i am selecting RG23C PART 2.
i see the sum of BED and education cess not the secondary edu cess
thanks and regards
Ajay

Similar Messages

  • Additional Education cess

    Hi Friends,
    any information about SAP note release on Additional edcuation cess?(as per new budget Feb 2007

    Hi...Please go through the following:
    SAP has provided notes on that.Below are the details:
    Note 1032554 - Secondary and Higher Education Cess on Income Tax
    Summary
    Symptom
    As per the new legal change in India, an additional surcharge has been introduced for purposes of the Union, to be called the #Secondary and Higher Education Cess on income-tax#, calculated at the rate of one per cent.
    Other terms
    CIN-FI, CIN, SECONDARY AND HIGHER EDUCATION CESS, EDUCATION CESS, BUDGET-2007
    Reason and Prerequisites
    New Legal change
    Solution
    This additional surcharge implementation can be done through IMG configuration which is very similar to Education cess implementaion.
    SAP will release the required configuration details shortly.
    Assign points if useful
    Regards
    Aravind

  • Problem in new 1% higher education cess as per budget 07

    Hi,
    we have done the configuration for the new 1% higher education cess in SAP.we have uploaded the relevant patches, done the required manuel changes, also completed the changes in MM and SD module.All the changes were done as per SAP notes.But still we are getting an error "<b>balance in transaction currency</b>" while posting excise invoice in J1IEX in MM and same error in SD also.
    The problem is when i do simulation of excise invoice in J1IEX the new cess is not displayed as a line item, but its value is included in the total which is credited in the CENVAT clearing account.
    can u guys help me out on this??
    thanks in advance,
    akshay

    as per as i know this happens in case of capital goods with non inventorised excise duty since 50% refund is possible in current financial year,next 50% in next financial year. suppose for example
    bed is calculated on gross price of a capital goods as 1200.25 inr
    so while posting the excise invoice the system break it as 600.13 inr one on clearing account and another onhold. so .01 price differance exist in account document and system not allowing to post it. so u click on the error "balance in transaction currency" to no the differance and make appropriate change manually in j1iex_c to balance the account document properly since .01 rs has no effect on the system
    thanks
    atanu

  • Table Names for Excise Duty and Education Cess

    Hello
    In view of the recent Indian Budget 2007, Higher Education Cess of 1% shall be applicable from 1st Match 2007.
    The notes as suggested by SAP have been implemented and everything is clear for the new POs.
    We are having a lot of OPEN POs. The new condition of Higher Education Cess of 1% is to be incorporated to all these POs, where Excise Duty and Education cess is applicable through FV11 in 'Plant/vendor/Material' combination.
    Finding out such qualifying records is a bit cumbersome, so that new condition is incorporated correctly.
    Can somebody please guide me how to find out such records.
    Or the table names which contain Excise Duty, Education Cess and Higher Education Cess.
    This will help me to get the new condition entered at the earliest.
    Thanks and regards.
    -Nandu More

    Hi Nandkishor More,
    You can get relevant information using ABAP Query using following information;
    (a) Material and Chapter ID combination using table J_1IMTCHID and field name MATNR
    (b) Pending POs
    Hope this information will be useful.
    Bye,
    Muralidhara

  • Budget 2007-08 issue- CIN

    Hi,
         In the budget 2007-2008, there is introduction of Sec Education cess of 1%.
    we have proceeded as per the master sap note 1032265 for budget 2007-08.
    <b>issue</b>
    the value of secondary education cess is not getting transfered to the register., means the value is not getting loaded in the registers.
    as an example
    if my BED is RS16, Educ Cess is RS 0.32 and secondary educ cess is Rs 0,16 on PO of Rs 100, then
    Rs 16 and Rs 0.32 is getting update in cenvat regsister but not RS0.16
    please help
    regards
    Ajay

    dear santosh,
      since we are in ITG phase of project, i am capturing excise invoice in MIGO and then doing MIRO.
    then J2I6 - Print Utility program
    then i am selecting RG23C PART 2.
    i see the sum of BED and education cess not the secondary edu cess
    thanks and regards
    Ajay

  • Secondary higher educational cess displayedi n form16

    calcculating part is perfect, educational cess 2%+1% but displayed only 2%  in form_16.
    how it is to be rectified pl. suggest for the same.

    Hi,
    First of all check whether you have mentioned Proper condition type CVD Cond.--> JCV1 in excise default if not please
    it is the prerequisite for capture of CVD and all in J1IEX
    If you have maintained ,J1CV is maintained under A/P AT1 CONDITION--this is wrong assignment
    if you have already enhance the budget -2007 then in this field must be condition type for secondary education cess
    J1CV doesn't have relation with this field please remove from excise default and assign JA1S that is for secondary Education Cess
    i hope this will clear you a lot
    Regards
    Kedar Kulkarni

  • Secondary Higher Education Cess is not calculated in Tax Amount in MIRO

    Hi,
    I am facing a problem with SHECess which is implemented in recent budget changes in INDIA through SAP Notes.My problem is that when I made PO all duties and other taxes are calculated  and showing correctly in PO as well as in Print Preview in PO.
    But when I am trying to post the MIRO the system is not taking in to account the SHECess and also SHECess on CST.I checked several times but the results is the same.This is happening only for Depot Purchases for goods procured locally.
    Plz help me if any one encounters this situation and give me the solution as early as possible becz it is utmost very urgent.

    Hi,
    Check condition type for Secondary education cess is there  in following path where you specify which condition type is used for which sort of tax, if not add with tax procedure
    SPRO --> Logistics general > tax on Goods Movements> India >  Classify Condition>Condition-Based Excise Determination Types
    Also check TAX Procedure in t.code: OBYZ  & see condition type for Secondary education cess is there   with all condition types and all are placed with a logic to calculate taxes with total price.
    Regards,
    Biju K

  • Higher secondery education cess

    hai this is swamy what condition record for hgiher cess and how it will be maintian record . iam doing the e cess copying giving another name to that hcess to maintaing condtion record to 1 % it is possiblities plz let me give a nawser immediatlay
    thank u krishna kishor i am rel

    Hi,
    Higher Secondary Education Cess, copy Condition Type JEXP and rename it as JA1X. @ 1%.
    The full exemption limit for Excise Duty for Small Scale Industries is being increased from Rs. 1 Crore to Rs. 1.5 Crore.
    Introduction of  “Secondary & Higher Education CESS” - @ 1%
    In Central Excise
    In Service Tax
    This “Secondary & Higher Education CESS” will be calculated just like Education Cess imposed in budget 2004. The existing Cess of 2% and proposed Cess of 1% are to be excluded while calculating both the Cess.
    This credit can be utilized only for payment of Education Cess under the Finance Act 2004 or Secondary and Higher Education Cess.
    regards
    sadhu kishore

  • New Secondary and Higher education Cess  does not apply to all business!?

    Hi,
    I know that for New Secondary and Higher education Cess we need to apply OSS Note (1032554 - Secondary and Higher Education Cess on Income Tax) as per the new legal change in India, an additional surcharge has been introduced for purposes of the Union, to be called the #Secondary and Higher Education Cess on income-tax#, calculated at the rate of one per cent.
    I think this new cess is applicable across all industries.But, got feed back from client (project) that it does not apply to their business (Import and Trading) and this new cess can be rejected during passing the budget as bill.
    Could you let me know reasonable justification  to implement this oss notes?
    Thanks in advance
    S.

    Hi,
    Please go thru the following link specially the clause 129. May be helpful. It speaks of imports.
    http://indiabudget.nic.in/ub2007-08/fb/bill6.pdf
    Regards
    A

  • Higher education cess not appearing in the excise invoice

    Hello experts,I am presently in a support project of a big aluminium project in india,
    my question is while i am creating the excise invoice using the transaction j1iin then with respect to the proforma invoice,what is happening is that the excise invoice is appearing in the create mode of the excise invoice,but once while we are going to save the document and after opening in the change mode,i see the document does not contain the higher education cess.and also the transactionis not hitting the gl account
    pls guide me as soon as possible
    Thanking you,
    Anshuman.chakraborty

    Dear Anshuman
    Please make use of the search option b4 posting any question as this particular topic was discussed repeatedly in the last one week.
    Meanwhile answering to your question, please ensure that your system is loaded with latest patch updation.
    thanks
    G. Lakshmipathi

  • Auto Calculation of Education Cess on I Tax Amt.

    Hi,
    I Tax scenario is not configured at client site. Amt of Income Tax incorporated mannually in W/T every month. Now I need to auto-calculate Edu Cess of 3% thereon. All related reports are in 'Z' format.
    Can we do it thou INVAL and how? OR
    Is there any settings in I Tax Module.
    Pl let me know
    Tks
    Yogesh

    Hi Yogesh
    can you check the table v_t7int1 and v_t7int3 here you required to give the education cess percentage as 3%.
    I think it will be work.
    this is only way where you can assign the percentage of cess.
    Regards
    Suresh

  • BED & Higher education cess are not appearing in J1IIN in export sales

    Dear Experts,
    we have scenario, 
    - 1000 & 2000 Plants are excisable
    - Excise group is same for 1000 & 2000 plant
    - Serial Group is different for 1000 & 2000 plant.
    we enter materials from 1000 & 2000 plant for creating a export sales order ( IN one export sales order we enter material from different plant), in which excise duties are showing correctly even though we enter different plant in sales order. even commercial invoice also properly generated with proper excise duties but when we try to create  excise Invoice (J1IIN),  BED ,Education cess and  Higher education cess are correctly appearing for the materials of plant 1000, but only BED and Higher education cess are appearing for the material of plant 2000, +not appearing the Education cess in the excise invoice moreover that excise accounting entry too+
    But when try to create same scenario in domestic sales , all the documents ( Right from sales order to Excise invoice are working properly ,all the BED,Cess,Hcess are also properly appearing and accounting entry too.
    please help me to  resolve the urgent issue.
    Shibu Chandran

    Hi,
    As i said above you can not see those accounting entries for excise invoice in export.
    you can see the accounting entries for excise invoice in domestic sales process.but not in export process
    to see this difference you can just go to v/08 and select your pricing procedure for export sales,here you can see the tick mark for statistical field for all excise conditions.but you can not see this tick marks in domestic pricing procedure.
    and also as i said above you check those settings in J1ID T-code
    for this in J1ID select cess rates-click on change icon-here check whether you maintained plant-material-check AT1 field along with other fields like BED%,CESS%
    and also check EXCISE TAX RATES in that J1ID there you should have excise rates for chapter id combination
    and finally check material and chapter id combination
    Try this and let me know

  • EDUCATION CESS IS NOT PICKING FROM MIGO.

    HI
    I AM CHANGED EXCISE BASE VALUE IN MIGO.WHILE DOING MIRO EXCISE IS CALCULATING ON THE BASIS OF PO. AND ITS SHOWING WRONG CALCULATION ON VAT.
    REGARDS
    SARINBAVA
    Edited by: Csaba Szommer on Feb 4, 2012 8:34 PM

    Hi,
    Check condition type for Secondary education cess is there  in following path where you specify which condition type is used for which sort of tax, if not add with tax procedure
    SPRO --> Logistics general > tax on Goods Movements> India >  Classify Condition>Condition-Based Excise Determination Types
    Also check TAX Procedure in t.code: OBYZ  & see condition type for Secondary education cess is there   with all condition types and all are placed with a logic to calculate taxes with total price.
    Regards,
    Biju K

  • Hello. I would like to activate my CS3 Educational Program (version 2007) on my new computer. Unfortunatly he is not accepting my serial number. What can I do? I have delated the program on my old computer but it doesn't accept the activation on the new l

    Hello. I would like to activate my CS3 Educational Program (version 2007) on my new computer. Unfortunatly he is not accepting my serial number. What can I do? I have delated the program on my old computer but it doesn't accept the activation on the new laptop.

    Make sure you are using the  correct serial number.  Find your serial number quickly
    If you did not deactivate the original installation then it is possible your two allowed activations have been used and you need to reset your activation count.  To do that you need to contact Adobe Support thru chat and ask them to reset your activations.  If you ask for more than that they will tell you they cannot offer you any support.
    For the link below click the Still Need Help? option in the blue area at the bottom and choose the chat option...
    Serial number and activation chat support (non-CC)
    http://helpx.adobe.com/x-productkb/global/service1.html ( http://adobe.ly/1aYjbSC )

  • Higher Secondary Education Cess not flowing in Excise Invoice

    Dear All,
    When I create my excise invoice the higher secondary education cess is not flowing in my excise invoice.The BED and the Secondary education Cess of 2% is flowing in the excise invoice.Please let me know why this amount is not flowing in the excise invoice.
    Kind Regards
    Atul
    Edited by: Atul Keshav on Sep 15, 2009 8:16 AM

    Hi,
    Go to IMG u2013 Logistic general u2013 tax on goods movement u2013 india u2013 basic setting u2013 determination of excise duty u2013 maintain excise defaults.
    Over here check whether you have maintain any setting for the secondary education cess over here or not.
    Regards
    Raj.

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