Purchase discount and input tax

Can somebody tell me how to configure in FI for the above o that i get the
accounting entries with tax effect .
Similarly for discount .
nikhil naik

Hi
For discounts....create GL account for discount first and assign that GL account in account assignment in using FBKP t.code.(else u can use OBXU/OBXV)
based on the terms of payment system will automatically calculate the discount and post it to the above account.
I have a document prepared on tax on sales/purchases. wil try to upload here.
Regards
Aravind

Similar Messages

GTA and Input tax registers

Hi Team,
is there any standard reports for GTA and Input tax register?
Kindly give me light on this.
Thanks and regards,
Nauma.

Hi
Please use the "J1I2" transaction of input and output tax display
Regards
Ram

IMPOSSIBILITY TO IDENTIFY THE INPUT TAX ON ASSET PURCHASE FOR TAX RETURN

We have only one input tax account 44560000 for all types of purchase. Monthly tax returns require a deduction between the input tax on asset purchase and input tax on another purchase.
We are asking if the input tax on asset purchase (on internal order) must be posted in an account separately.

Dear kmgomes ,
Ideally system should not ask any transaction type for tax line. Please check which posting key is it using in simulation mode. Have you provided the transaction type (e.g. 100) when selecting posting key 70?
You can alos check transaction OBYD where G/L account posting from asset posting must be set up with posting key 40 and 50.
I understand you must be missing or trying to post incorrectly something in F-90, shall suggest to review the input in the transaction once again and check.
Hope this helps!!!
Regards,
Murlidhar Khatri

Diffeence b/w oupt/input tax

Experts:-
plz give diffefence between OUT PUT tax and input tax with eg:-( suppose company pay some expencess or some outgoing services or purchase at that time is INPUT tax or other wise any menaing
the same way company is doing some sale or at that time is OUT put tax ( any give small example) for that scanio.

When you purchase material or service from a vendor, vendor charges base value (of material / service) and tax, if applicable, in the vendor invoice. This is input tax for you. When you sell something to your customer, you charge tax in the invoice that you give to your customer. This is output tax.

Vendor down payment with input tax

Dear Expert
My client receieves down payment with input tax, to meet their legal requirement for VAT filing, they have to book entries as below;
When receieving down payment with input tax:
Dr. Down payment
Input tax
Cr. Bank
When receiveing vendor invoice for remaining AP amount:
Dr. Expense
Input tax
Cr. AP (remaining amount)
Then clear down payment by expense
Dr. Expense
Cr. Down payment
They do in this way, because input tax in down payment and input tax in remaining AP invoice should be listed as two items in their VAT report. And intput tax in down payment document is with reference field which is different from reference field in remaining AP invoice, and reference field is also one mandatory field in VAT report.
In this case, I can not use SAP standard T-code F-54 to clear down payment. But when I tried to create a manual JV to post entry with Dr. Expense and Cr. Down payment, it's OK, but then when I used F-44 to manully clear down payment doc by manual JV, I got problem because the amount in down payment is down payment amount + input tax amount, but the amount in manual JV is only down payment.
Does someone have a solution?
Thanks,
Nicole

Nicole,
Which country is this requirement for? As far as I know, there is no tax incidence on downpayment. Input tax arises only when you receive the invoice, right? Not when you receive a downpayment.

Advance input tax

Dear All,
In the Advance tax report for input tax, (S_ALR_87012357), in case of LST, the base amount, input tax amount and gross amount is not coming properly. The VAT amount is coming in the base amt column, Surcharge in tax amount and total of vat and surcharge and input tax is coming as gross amount. Eg:-
GR/IR -Rs 14000 and
VAT-Rs56 (4%) and
surcharge- Rs2.8.
The Base amt is coming as Rs56 , Input tax amount as 58.8 and gross amount as Rs104.8( Rs56+Rs58.8).
But in the same report CSt is coming report is displaying the correct amount.
Please suggest.

Hi,
Depending on the type of taxes, there could be some configuration associated with that report.
See the help at
http://help.sap.com/saphelp_40b/helpdata/fr/88/8a7415dc4ad111950d0060b03c6b76/content.htm
Thanks,
Tammy

Automatic Calculation of Input Tax in a Purchase Order

Hi SAP Gurus!
Good day! Please help with my problem. During my creation of a Purchase Order, I will have to indicate what Tax Code to use. In this case, I use "Input Tax 12%". On the Item Condition TAB, the calculation of the input tax is not reflected. How can I customize this, in order for us to see the breakdown of Taxes automatically?
Thank you.
Mik

Hi Mik,
If you maintain the tax codes in the system for your company code then the tax codes will be picked automatically in PO through FTXP and the same is reflected in PO.In Invoice tab you have to give tax code, then in Condition tab, the values will be calculated as per the condition values maintained for the tax code.No need to maintain any thing in pricing procedure.
If your tax procedure in TAXINN, you have to maintain the condition records for the condition types ( JMOP, JEC1, JSEP etc..), then only the values can be shown in PO in Condition tab.In TAXINN, the tax code has to be assigned to the company code.
Regards,
Gangadhar Y

Input Tax and Output Tax calculating wrong figures

Hi,
I have created Input Tax and Output Tax codes in SAP.
Input Tax- 3%
Output Tax- 4%
All the configuration is done as required. But when I am posting the Purchase and Sales Invoice, the tax amount is not calculating correctly.
For example:
Input Tax Calculation should be:
Vendor A/C.............. Cr 30000-
Expense A/C............ Dr 29100
Input Tax A/C............ Dr 900 (@3% on 30000)
Input Tax Calculation in SAP:
Vendor A/C.............. Cr 30000-
Expense A/C............ Dr 29126.21
Input Tax A/C............ Dr 873.79 (@3% on 30000)
The same is happening to Output Tax transactions.
Please advice.

My understanding about the Input Tax and Output Tax was wrong. In the issue reported
Input Tax Calculation should be:
Vendor A/C.............. Cr 30000-
Expense A/C............ Dr 29100
Input Tax A/C............ Dr 900 (@3% on 30000)---my understanding was wrong.
Input Tax 3% should be charged on Expense amount, in this case Rs 30000. But because in the editing option calculate tax on net amount option was not selected, hence SAP was giving the below entry, which is correct as well.
Vendor A/C.............. Cr 30000-
Expense A/C............ Dr 29126.21
Input Tax A/C............ Dr 873.79 (@3% on 29126.21) which is correct.
Hence, the Vendor amount should be Expense + Input Tax= 30000 * 3%=900 + 30000 (expense) = 30900.
Correct Entry should be:
Vendor A/C...............Cr 30900
Expense A/C............Dr 30000
Input Tax A/C............Dr 900
Resolved. Pankaj has given the correct answer.

R12 - Input and Output Tax Classification Codes in Invoices Workbench

Hello,
After upgrade from 11i to R12, in invoices workbench, the Tax Classification Code LoV (invoice line field) contains taxes that formerly were both input and output.
In the E-Business Tax Implementation guide says that :
Release 11i tax codes and tax groups migrate to E-Business Tax as tax classification
codes. Payables and Purchasing tax codes migrate as tax classification codes under
ZX_INPUT_CLASSIFICATIONS. Receivables and Projects tax codes migrate as tax
classification codes under ZX_OUTPUT_CLASSIFICATIONS.
In invoices workbench form (APXINWKB), I looked in the record group for the LoV and the values are all from the same view zx_input_classifications_v.
SELECT lookup_code, meaning, description
FROM zx_input_classifications_v
WHERE lookup_type = 'ZX_INPUT_CLASSIFICATIONS'
   AND org_id IN (:inv_sum_folder.org_id, -99)
   AND enabled_flag = 'Y'
   AND nvl(:inv_sum_folder.invoice_date, sysdate)
                between start_date_active and nvl(end_date_active, :inv_sum_folder.invoice_date)
UNION
SELECT lookup_code, meaning, description
FROM zx_input_classifications_v
WHERE lookup_type = 'ZX_WEB_EXP_TAX_CLASSIFICATIONS'
   AND org_id IN (:inv_sum_folder.org_id, -99)
   AND enabled_flag = 'Y'
   AND nvl(:inv_sum_folder.invoice_date, sysdate)
                between start_date_active and nvl(end_date_active, :inv_sum_folder.invoice_date)
It follows that some formerly Payables and Purchasing tax codes were migrated as 'ZX_INPUT_CLASSIFICATIONS' or 'ZX_WEB_EXP_TAX_CLASSIFICATIONS'.
Anybody knows how is the 11i tax code data migrated to R12 ? Is this the intended behavior ?
Thanks

I'm not a functional expert but I would suggest reviewing the following docs and see if it helps.
How To Update EBusiness Tax Lookup Codes? (Doc ID 466578.1)
Payables - Invoices - Invoice Lines Tax Classification LOV duplicating entries (Doc ID 1265315.1)
Upgraded Tax Classification Codes Not Enabled For Iexpenses (Doc ID 851607.1)
Thanks,
Hussein

Need Function Module for Printing Rates,Discounts and Taxes in Invoice.

Hi All,
For our Invoice printing I need to get a function module which will provide me the rates,discounts and taxes against each item line of the Invoice No.
Finall it will be printed accordingly.
Can anyone help me regarding this with input parameter example.
Thx in Adv.

Hi,
As far as I know there is no fun module to print all this stuff.
You have to get this data from KONV table by passing the VBRK table KNUMV field.
Then check for all the Rates and amount KBETR and KWERT fields for the respective condition Types.
You have to loop the KONV internal table and write all the condition rates and amounts in the script driver program.
see any Std script for this.
Regards,
Anji

Purchase tax/input tax details

Hi,
How to find purchase tax/input tax details of categorywise articles.

Hello,
You can use either FTXP to view Input/Output tax details.
Rgds
Rajendra

Input Tax - difference between sap version 4.7 and version 5

Hi All
I done total customising of input tax on sap version 4.7 as well as version 5.
now I want to enter following invoice through t.code F-43:-
   Raw Material Cost                           50,000.00
Add:- Excise                                       8,000.00
Add:- E.Cess                                          240.00
Add:- Vat                                             2329.60
So we are to pay to vendor Rs. 60,569.60.
Now when use sap version 4.7 & run t.code F-43, then if I enter Rs. 60,569.60 against g.l of vendor & purchase, then system accept it.
But when I use sap version 5 & run t.code F-43, then I have to enter Rs. 60,569.60 against g.l of vendor & Rs. 50,000 against g.l of purchase, then only system accept the entry.
why so. Plz clarify
With Regards
Deepak Garg
Mob 9213784161

Hi,
there are lot of changes like i observe
1, in rebates there is no advanced rebate processing in 4.7
2. there is no scale group field in condrecords of agrement in rebate agreement.
3. there are lot of new reports available in SIS
4. in sales returns process also seperate config available in 6.0
regards,
sk

CO-PC--discounts and surcharges on purchased items

In Product costing, CO-PC, What is the configuration needed to setup discounts and/or surcharges on purchased items ?
Please reply at the earliest.
Thanks.

Discounts and surcharges would taken care of by the pricing procedures and the accounting keys assingned to them they will flow into the stock valuation. with these values you make up the bom for the finished product.

How to maintain a input tax code as a Fixed amount and not as a percentage

Hello all,
I want to create a tax code which is not a % but a fixed amount.
I created a new condition ZIPC copying JIPC but kept the calculation type as B i.e. Fixed Amount. I created a new Input tax code in FTXP.
Now when i try to maintain the amount in a condition via FV11 using the new condition type ZIPC i get the error message Message no. VK010
"Enter a Currency"
I had entered INR against the amount yet I keep getting this error.
Kindly advise.
Thanks in advance.
Kavita

Hi,
I have created new condition with type B (Fixed Amt) & also assigned it in my pricing procedure, But when I try to create condition record with T code FV11 it gives error Please enter currency.
Please suggest the way out..
Regards
Subhash P.

Free Goods Import Process with Customs, Freight, and Other Taxes.

hi,
I have to import free goods but have to pay for Customs, Freight, and other Taxes.
1. If I tick Free Goods Indicator in PO Line Item, Condition Tab at line item disappears. It will not to calculate other conditions at Header level also. - So I cant execute this option.
2. If i take price of material and insert Condition Type: R001:Discount/Quantity with material price/qty, then it gives Error Message - "Price Must be greater than 0".
So, Is there any way through which I can procure Free Goods and can maintain conditions for Customs, Freight, and other Taxes in Purchase Order.
Please help me in this regard.
- Jignesh

Hi,
1) Create an import PO in ME21N with material price and all custom duty conditions (as you normally create). no need to put free tick indicator.
2) Process MIRO for goods and delivery costs simultaneously.
3) Maintain zero amount for goods item and actual values for the duties (Ensure selection of goods item including delivery cost items)
4) Save the LIV document
5) Check PO item history got updated with IR-L and DCIn. (IR-L will updated with zero amount)
6) Do MIGO w.r.t. IR document number.
7) GR FI document will get updated with the non-set off duty values only.
Regards
Rajesh

Purchase discount and input tax

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