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
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Hi,
can anyone please help me how to configure fringe benefit Tax in SAP?
It is the tax on benefits provided by the employer to the employee.
Help me. I will definitely assign points.
Thanks & regards,
KrishnaHi,
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.
how can i solve this problem?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 solutionHi,
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).
Let's assume your fringe benefit tax code is P10 = 10 per cent and you have tax account = 175000 behind this code, than all the fringe benefit taxes will go to this account. Make the account line item managed and you will have a record of all the transactions where fringe benefits were involved.
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?
3. In Excise there are two invoices (i.e Commercial Invoice and Excise Invoice). In some cases, Commercial invoice is in one name and Excise invoice is in another name. The accounting of such type of invoices are not addressed.
4. Commercial invoice Received in single invoice where as the corresponding excise invoices are more than one bill. How this will be addressed?
5. In case of Dealer invoice Excise duty may not be 10.3%. It will vary. This also to be taken in to consideration.
6. Duty amount should be rounded off
7. In case of any shortage of materials or price difference how the debit note are to be generated?
With Regards
AnbuI 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
Reward if useful -
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
veknkatIn 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 -
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.
You are required ask the format in which the BUSINESS wanted to presented the Financial Statement Version. Please ask your CLIENT to provide the required format.
Thanks,
Ravi -
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 uHi
Have you found any answer for this?
Thx
SP -
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
Suchitause fb03 - list
or report RFBUEB00
A. -
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
Expense 1000 ; tax amount 20
regards
Meenakshihi 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 -
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 kumarHi,
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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