Fringe Benifit Taxes - CIN

Hi Friends,
This is Ganesh from india, I need a clarification regarding FBT(India)
How to configure Fringe Benefit Taxes for India in SAP?, What are the steps to follow?,
Please help me in this regard.
Ganesh,
FiCo Consultant.

Hi,
You can try using withholding taxes for the same, but care needs to be taken in the customizing and posting.
Regards,
Pranav.

Similar Messages

  • Fringe Benifit Tax

    Hi,
      can anyone please help me how to configure fringe benefit Tax in SAP?
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    Help me. I will definitely assign points.
    Thanks & regards,
    Krishna

    Hi,
    Fringe Benefits is comes under withholding tax. Hence, most of the employers are not ready to pay fringe benefits, because employer's is liable to pay fringe benefits tax.
    With holding tax is covering Income Tax 1956. For other taxes, Excise, Customs, Sales Tax, Tax on Purchase, service Tax, these all are comes under "Tax on Purchase and Sales".
    Hence, Your question is not clear, may I know for which benefit you are asking this question ??
    Example :-
    Providing Free food to employees - Comes under Fringe Benefits (Employer's liable to pay this tax).
    Providing Free food coupen to Employees - is not comes under fringe benefits hence, this coupen per head have maximum of Rs.1250/- Per month (Pls check the limit whether it might be changed).
    If you have any further clarifications please let me know.
    Regards,
    Sivakumar Sathiyamoorthy

  • Calculation of Fringe Benefit Tax in SAP

    Dear all,
    I want information about the fringe benefit tax (FBT). How can we configure it in SAP. Is there any standards available? any information on FBT is highly appreciable.
    Thanks,

    Dear Madhusudhan,
    Maintain separate GL for FBT related acounts.
    Maintain key word in GL Master.
    So only those GLs will be selected for FBT calculation.
    Thereafter you can execute reports like F.01 based on keywords to identify values in such accounts. Just apply the rates as per FBT rules and make a provision.
    Assign points if useful

  • Confirmation of fringe benefit taxes

    Currently i am working on implementation project
    my client want auto posting of fringe benefit taxes?
    is there any chance to post fbt like input tax and sales tax?
    is it possible to configure the tax keys like that?
    at  the time of the expence account come we enter the tax code in the document it caluculate and post?
    this is my idea.
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    hi,
    there is NO standard solution from SAP for FBT
    Raghav

  • Relating to fringe benefit taxes

    Hi All
    what is the procedure for calculating the  FBT
    is there any chance to calculate the fringe benefit tax in automatically sap standard
    in which point it exactly applicable.
    my client want please give me the solution

    Hi,
    set up a new tax code and a dedicated GL account for this tax code.
    Then post
    Fringe Benefit (meals, etc.)
    Input Tax
                   against      Bank (or Cash).
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    Kind regards,
    Rudolf

  • Need info.on Tax CIN .

    Hi,
    Please can anybody have knowledge on India tax settings.
    If any body have any info on CIN please send to my email as it is urgent need for
    configuration.
    [email protected]
    Thanks in advance
    Micheal.

    Hi
    help.sap.com/bp_bblibrary/500/documentation/U40_BB_ConfigGuide_EN_IN.doc
    http://help.sap.com/saphelp_erp2005vp/helpdata/en/dd/ab17adedc9438fb548a8d86efbb187/frameset.htm
    http://help.sap.com/saphelp_erp2005vp/helpdata/en/93/75663ca0a9272ae10000000a11405a/frameset.htm
    nagesh

  • Excise Duty/Tax - CIN Doubts - Suggestions Please

    Hi,
    Please give solutions for this...
    1. Service Tax payment or credit is required in three types ( i.e BAS, TIC, GTA).  Where as in SAP it is in single type.
    2. How SAP will address the entries for ineligible credit on Service Tax, Vat and Excise Duty?
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    4. Commercial invoice Received in single invoice where as the corresponding excise invoices are more than one bill. How this will be addressed?
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    With Regards
    Anbu

    I would like to correct that BED is not always 16% and depends on the chapter
    For education cess and higher education cess the rate depends on whether the product was manufacture after certain cut-off dates
    for higher education cess this cutoff is 1st march 2007
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  • Dedutible and non deductible tax cin

    Hi,
    Can any one explain me what are the deductible and non deductible taxes in case of vat .
    how we can configure these settings.
    regards
    veknkat

    In case of some materials, the VAT paid on purchase of these items can be availed back from the goverment,  This is called deductible tax.  Here VAT portion is not loaded to material inventory,  It is posted to a separete GL account as per the config and later stage it will be cleared-off by finance
    In case of non-deductible VAT, the VAT amount will be loaded to material inventory.  Here company can not claim this amount back from govt.
    regarding configuration, u have to define a new account key in case of deductible tax and assign gl accounts
    in case of non-deductible tax u can use SAP standard key NVV
    hope this clarifies ur doubt
    award points

  • FSV Configuration

    Hi Friends,
    I am Configuring Financial Statement Version. I have Doubts relating to following topics.
    Relating to Balance Sheet Appropriation:
    PROFIT BEFORE TAX                                 xxxxxxxx
    Less : Provision For Taxation                            xxxx
    Current Years Taxation
    Deferred Tax Assets
    Fringe Benefit Tax
    Above is my requirement.
    So here Shall i show Provision for Taxation, Current Year Taxation, and Fringe Benifit Tax here or Under Current Liabilities????
    thanks and regards.

    Hello,
    It is the not the consultant who decides what is the format that they wanted to present the statements, it is the business.
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  • Where to assign Provision for Taxation ,...??

    Hi Friends,
    I am Configuring Financial Statement Version. I have Doubts relating to following topics.
    PROFIT  BEFORE TAX (A - B)
    Less : Provision For Taxation
                 Current Years Taxation
                 Deferred Tax Assets
                 Fringe Benefit Tax
    Above is my requirement.
    So here Shall i show Provision for Taxation, Current Year Taxation, and Fringe Benifit Tax here or Under Current Liabilities????
    or in both places.
    either these acconts are P&L items or Balance Sheet Accounts?? Bcz in BAIN (IN01) these accounts are shown as P&L accounts.??
    and In which Situation we will Use 2 Retained Earnings Accounts??
    Pls Guide me in above requirement.
    Thank u

    Hi
    Have you found any answer for this?
    Thx
    SP

  • FBT report in FI

    HEllo,
    I need report for FBT(fringe benifit tax report)
    can anyone provide me in a table control fromat with screen..
    Require: GL account
                 tax code,
             doc. number,
            bill amount,
    total amount,
    tax percentage....
    Thanks
    Suchita

    use fb03 - list
    or report RFBUEB00
    A.

  • Reg: Tax entries

    Hi All,
    I want to know is there any report or table which can define the doc amount as well as tax amount also like
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    regards
    Meenakshi

    hi meenakshi
    I am not sure whether sap helps in calculating FBT. I think it can be done in the following way
    You need to have a z table. In this you can store the exp GL account nos. and then the percentage of Fringe Benifit for those accounts and the tax amount % on that.
    A Z report can then calculate FBT for all accounts maintained in the Z table at the relevant percentage. You need to calculate the FBT on the debits to those accounts at the FBT percentage stored.
    Eg- for telephone exp the FBT amount is @ 20% of total and on this you need to pay 5% as FBT. Then in the table give tele exp acct no FB% and FBT on that.
    regards
    sameer
    Pls award points if useful

  • Extended Withholding Tax Certificate Printing-Missing data elements

    Hi
    I am working in 4.7 version and am faced with some issues in TDS.
    (1)  In the TDS certificate printing, the certificate number is not appearing even though the number ranges are exactly maintained for the current year.  I note that for some Official tax keys, it is printed perfect, but for some others it is not printed.
    (2) Another problem is the Cheque number details are not appearing in the certificate.
    (3) Eventhough the PAN number is mentioned in the Vendor Master, the same is not picked up rather it is coming from the J1ID data elements.
    Your valuable comments will aptly rewarded.
    Regards,

    1.In print preview certificate number will not generated, when ever you have given printing then only number will be generated.please note that
    back from preview and give print out, dont give print out from preview.
    2.For getting the cheque number,you need to
    write your own code inside the Function Module
    J_1I7_USEREXIT_CHEQUENO_CERT.This FM is present in the
    note 912767.
    The code needs to be written at the customer end.It was not there in note no.912767
    Kindly take the help of your abaper in this regard.
    for sample coding please use the following link.
    Check/Cheque No. is not printing on the TDS Certificate
    3. Pan number of vendor in form 16A is coming if you update the pan no.from the following areas
    vendor master -Withholding tax-cin details-Pan number
    or In JI1D- Vendor Excise Details- PAN number
    assign points

  • Hello programs on sales and tax returns

    HI ,
    Can any body send sample programs of sales and tax returns of pariticular state .
    i have to use bkpf and bseg tables.
    thanks,
    aravind.

    Hi Radha
    Sales Tax is what u incur on the sales u make as in on Customers - Output Tax -
    Purchase tax is what u incur for ur vendors - Input Tax
    CIN - is specific to Country India Version
    In SAP, we first map a tax procedure to the country specifying whethere there is going to be a Jurisdiction Code or not, then we define input/output taxes in TC FTXP {in FI}; where theSD team will define a condition record mapped to an account key which they will relate to our tax code and they define condition master recd in VK11 for domestic taxes per country.
    Hope this will give u a bried idea on what u wanted to knw
    Rukshana

  • SD (CIN) procedure

    Dear All
    I wanted to know how to access SD tax(CIN) procedure like JINFAC, JINSTK, JINEXP, JINDEP.
    I have maintained FI tax procedure(TAXINJ, TAXINN).
    Regards
    Vinod kumar

    Hi,
    Only one tax procedure can be assigned to one country.
    Prcing procdeures JINFAC, JINSTK, JINEXP, JINDEP are related to indian scenario
    Condition types in these procedureas will calll the tax procedure of the country
    Example: Pricing procedure will have condition type JMOP. we will maintain condition record using VK11 in that record we will maintain tax code.Based on that tax code it will calculate the excise and tax
    Best Regards
    Ashish Jain

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