Goods & Service Tax [GST-India]

Hi Friends,
India is going to step into new era of TAX system i.e.. GST, in near future. I understand that all  Excise,CESSES,VAT,CST, AED,SED etc... will be subsumed in GST. Which will work in a model of CGST-Central, SGST-State, IGST-Interstate.
Dear friends if any of you have any idea abt how this will work in our current SAP CIN system, please through some light. Expecting further discussion on this topic.
Thanks & Regards
C.Praveen Kumar

The simiple logic you can arrive is that if at all Government is going to implement GST from financial year 2010-11, necessary notification should have been published by now.
Since as I said, no body is clear on this, you can take it for granted, this will be postponed to next financial year that is 2011-12.  I am also sure, no members in this forum can give any more information precisely.
thanks
G. Lakshmipathi

Similar Messages

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    Hi,
    Please refer to the following OSS Notes for Details on Service Tax.
    778976, 1045145, 1032265.
    779512 - Master Note for Service Tax
    For other problems, please refer to OSS Notes on Service.sap.com/notes
    Regards
    Mahendra

  • Service Tax Credit : India

    Experts,
    Need your help
    when a run program RFUMSV50....the system displays can see all those Service Tax Invoice which are paid and whose Service Tax Credit can be availed, but i do not find any Transfer postings from Interim to Main Service Tax GL Accounts, ie from Interim Tax Code's GL to Target Code's GL.
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    Edited by: Hussein  Merchant on Oct 5, 2009 8:39 AM

    Hi SV Raj,
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    Create a Tax Code similar in FV11 and with same percentage like Interim Tax Code, this will be your Target Tax Code.
    Assign this Target Code to your Interim Tax Code in T-code FTXP, initial screen.
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  • Service Tax Detail while recording a purchase invoice from T-Code F-43

    Dear Sir,
    I am passing a Professional Fees Invoice, where in service tax is being charged, through T-Code F-43
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    Edited by: CHIRAG SHAH on Dec 29, 2011 8:25 AM

    Dear expert
    1. Where do I store the vendor's service tax registration detail?
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    T:CODE:OMT3E
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  • Service Tax 10.3% + Vat 5 Tax code

    Hi Expert,
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    Hi
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    Sanil Bhandari

  • Service Tax on Goods Transport

    Hi
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    Thanks
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    Hi,
    See the note: 921634.
    Service tax processing is given in the note.
    Award points if useful.
    Thanks and regards,
    Sri

  • Service Tax payable on road transportation at Goods receipt lavel

    Hi Experts,
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    Materials receipt from vendors through road transportation thus service tax is applicable and we have to accrue liability and pay to the authorities on behalf of transportor, the cost of transportation has to be booked in separate expense type GL and service tax liability should be created at the time of Goods receipt.
    Please assist me to configure in SAP to comply with the above requirement.
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    Hi,
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  • Service tax on free goods issued to contractor

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  • Service Tax and Sales Tax-India

    In SAP how we can enter both Service Tax and Sales tax in single invoice. Is there is any option to enter both tax code in a single invoice?

    Hi
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  • GOODS TRANSPORT SERVICE TAX

    Hi
    the scenario is
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    here the mapping is to be done in sucha a way that postings must be as follows
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    y G/L  Freight vendor A/C - Cr
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    b G/L  SHcess input     ( 1% on 2%)                     Dr
    c G/L  Service tax Payable  ( 12% on 25% of Frieght)  Cr
    d G/L  Ecess tax Payable ( 2%on 12 %)                    Cr
    e G/L  SHcess Payable     ( 1% on 2%)                     Cr
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    i tried to enter the payable amount MIRO, but for the client this is a lengthy way
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    If any one had gone through the same config
    Hope some one might have mapped this business process.
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    thnx

  • Output Service Tax India

    Hi,
    I want to configure Output service Tax, Our FI consultant has already created three condition type for service tax, education Cess and SH education Cess and assigned these conditions to TAXINJ.He has also created the output tax code S1.
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    hi Rahul,
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    851           0                  JSTE SD - Ser.Tax - ECESS                850 850      SV0
    852           0                  JSTS SD - Ser.Tax-SECESS                850 850      VSS
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  • Service tax Utilization under plant

    Hi Experts,
    I have one Utilization problem regarding Service.
    Here I have one company Code under which six regions and one mfg plant.
    Service tax is paying to suppliers from regions and the same is passing to Plant for utilization against Cenvat.
    The above case how will I do the configuration and what are all the G/L account required.
    Thanks&Regards,
    Bramha

    Hi,
    First check have you maintain the service tax G/L accounts in
    PATH : SPRO > IMG > Logistic General > Tax on goods movement > India > Service Tax > Assign Service Tax Accounts
    then maintain the number ranges for below three object with SNRO
    1: J_1ISERCRD
         Note: No. range use when we pay CENVAT from cenvat & service tax CR on J2IUN
    2: J_1ISEREXT
    3: J_1ISERPAY
        Note: No. range use when we pay Service tax from cenvat & service tax CR on J2IUN
    make the above settings and again try the utilization.
    regards,
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  • Service tax value required updating while posting GR in MIGO transaction

    Dear Friends,
    We have a following scenario where service tax value required updating while posting Goods Receipt MIGO transaction.
    1. Purchase Order created for first line item where Qty. 1 and Net Rate Rs.1000/- so total Gross value will be Rs.1000/- example Vendor XYZ
    2. Freight condition type maintained for the first line item for Rs.500/- and assigned to Transportation vendor ABC.
    3. When Goods Receipt Posted for the Material against PO first line item, the material value updates Rs.1500/- (Material value as 
        per PO + Freight Charges)
    4.  After posting GR while making Invoice verification through MIRO transaction against the PO GR/IR clearance will be done for 
        Material vendor XYZ. For transportation Vendor ABC Planned delivery cost indicator will be select and since service tax is
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    Here the values of Service tax if the Material available in Stock it will be inventories. If stock consumed before making the Invoice verification for Transportation vendor ABC, then the Service tax values update to PRD account.
    We know that in PO, tax code can be select for first line item (Raw Material) Vendor XYZ and if transportation charge condition type maintained for same first line item and assigned to Vendor ABC and there is no provision to maintain Service tax. So the service tax will get inventories while posting Invoice Verification for the transportation vendor.
    We want the values of Service tax to update while posting Goods Receipt in MIGO transaction.
    Thanks & regards
    Dhanu

    hi,
    Please note at the time of MIGO Servecie tax value does not appear, it will appear at the tiem of Invoice only.
    Regards,
    Rama Mohan Bangaru

  • How to determine Service Tax in sales order

    Dear Guru's
    What all the configuration setting that are required for determine the Service Tax in the sales order for service Item we are using Tax procedure for India u2013 TAXINN.
    Regards,
    Bhanu

    Following SAP Notes to be referred for Service Tax:
    1.     778976 u2013 Service Tax and Ecess on Service Tax
    2.     1032265 - SEcess on Service Tax
    Regards
    AK

  • Service Tax for transfer from Interim to final account

    Dear Guru's,
    We are following the TAXINN Procedure. we are at SAP ERP ECC 6.00 version.
    As per the Note 921634 they specified the defered tax code and target tax code. and the program RFUMSV50 for transferring the service tax from the interim account to the final account.
    When we executing the program RFUMSV50 the layout is displayed by the system but the data is not displayed by the system.
    Please suggest me in the following situations
    1. First of all, whether this Note is applicable to the TAXINN condition procedure or not.
    2. If Yes, do we need to maintain the following customising setting at company code level as per the note 921634
       - Maintain the deferred tax rule.
       - Assign deferrred tax rule to company code
       - Create a tax codes like deferred taxcode and target tax code.
    3. If not is there any other note for TAXINN for transferring the interim account to the final account
    Thanks for your cooperation.
    Thanks and Regards,

    These are all Part Of FI MM Integration, Discuss with your Finance Team.
    Some of the Integration points are below
    1. The complete Purchase cycle upto payments
    2. Posting made during the purchase cycle and how the integration takes place with FI & CO, including the OBYC settings
    3. The Tax procedure for input & output tax and how the same is used in MM
    4. The configuration and use of Excise, if you are in india and how the processes are mapped in SAP
    5. The Service Tax Configuration, including GTA and the configuration
    6. How to utilize service tax credit in excise and the process for mapping service tax through deffered tax configuration
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