Rounding-up of tax collected at sorce (TCS)

is there any routine and function module to round the TCS.
here the requirement is like this if the tcs is 12.75 it should be 13. i mean this should be rounded up as upper value (whole number no fraction)
thanx well in advance
points ll be rewarded

Hi,
U have to create routine under FORMULAS-CONDITION VALUE in VOFM.
with help of funtional ppl in SPRO u have to config this routine where ever u require to round.
Ex. we have used like this.
while sales order creation, in line item have service tax . for this service tax we rounded the amount using this routine.
The routine config in SPRO can do functional ppls .
Regards........
Gupta

Similar Messages

Form for Tax collected at source(TCS)

Hi,
Is there is any form for Tax collected at source(TCS).
Regards,
Sreekanth

HI,
Path is spro-Fin.Accounting- withholding tax- Extending W/H Tax-Report-Assign Forms for w/h tax
against that create z form (as per your client requirement assign form based on tax code)
Regards,
satish

Tax collected at source(TCS) configuration from the FI side

Hi,
We are implementing the tax collected at source. We have configured the following steps:
   1. Define Withholding Tax key (206C)
   2. Define Withholding Tax type
   3. Create the access sequence for withholding for TCS in SD
(Copy the existing access sequence J1AW and create the new access sequence)
   4. Create condition types corresponding to Tax collected at Source in SD
   5. Assign withholding tax types to SD condition types
   6. Define withholding tax codes
   7. Assign GL accounts for withholding tax types
   8. Add TCS conditions in pricing procedure
   9. creating non statistical new condition types and added them to the SD pricing procedure.
10.Create the account keys for non statistical condition types and assign them in the pricing procedure.
11. assign the G/L accounts for the new account keys in VKOA.
after this when we try to post the invoice we get the error as "posting keys are missing for the transaction JT1" (JT1 is our account key).
To solve this error we have made the configuration for this account key in OBCN and then in OB40 but after that we are getting the error as tax code is not defined in TAXINN procedure.
Please guide if we need to create the new tax codes in FTXP for this or we need to make any changes in tax procedure for TCS??
Any help will be greatly appreciated.
Thanks & regards
Puneet Agrawal

Hi,
i am also facing same problem. Did you get any solution of this ? Please share this
Thanks in advance,
Vishal

Tax collected at source (TCS)- steps for getting TCS certificate

Hi,
I have configured for Tax collected at source for customers. I posted one customer invoice through FB70.
I need to give TCS certificate to the customer.
I tried to do   J1INCHLN for remitting TDS challan. but it says no line item exist.
What are the steps for generating TCS certificate.
Thanks

Hi,
Just wondering can any one proivde me TCS config steps as i have done config for TCS for Indian comp code but WHT calculation is not working as it need to be.
Example Invoice amount is 100000
01      Customer   98900
50      GL             96153.85-
50       VAT 4%   3846.15-
40      TCS 1.1% 1,100
The above calculation is wrong its calculating on Invoice amount 100000 but it should calculate on 96153.85 and total of invoice should be 100100.
I tried all option like calclation on Net amount, Gross amount, Modified amount in WHT type config.
Please let me know if any thing need to config at Pricing procedure for this.
You help is much appriciated.
Thanks for your help in advance.
Regards
Srini

Tax collected at Source (TCS) u/s 206C for sales in India

Dear Friends
recently SAP relase the notes for TCS Related.
If any one got that please .
I also need config. doc for the same
i also need reporting aspects related to TCS such as customer TCS
certificate, Bank challan update and quarterly returns for TCS.
Jain

Dear Raj,
The Oss Note nos.1065531 and 1168591 for TCS on
Scrap Sales
Regards
VSR

Tax Collected at source for Scrap sales in India

Hi Experts,
We are implementing the scrap sales process to our client. So we need to configure the "tax collected at source" process. We have configured the following steps as per the OSS Note specified for TCS:
1. Define Withholding Tax key (206C)
2. Define Withholding Tax type
3. Create the access sequence for withholding for TCS in SD
(Copy the existing access sequence J1AW and create the new access sequence)
4. Create condition types corresponding to Tax collected at Source in SD
5. Assign withholding tax types to SD condition types
6. Define withholding tax codes
7. Assign GL accounts for withholding tax types
8. Add TCS conditions in pricing procedure
9. creating non statistical new condition types and added them to the SD pricing procedure.
10.Create the account keys for non statistical condition types and assign them in the pricing procedure.
11. assign the G/L accounts for the new account keys in VKOA.
after this when we try to post the invoice we get the error as "posting keys are missing for the transaction ZTC" (ZTC is our account key).
To solve this error we have made the configuration for this account key in OBCN and then in OB40. So the previous error was resolved.
But after that we are getting the error as tax code is not defined in ZTAXIN procedure.
Please guide us how to resolve this issue and also suggest us how to post the values in to the Withholding tax related GL accounts.
Any help will be greatly appreciated.
Thanks & regards
Nag

Dear Experts,
THanks for your feedback.
Just for your information we are using the calculation procedure ZTAXIN (Copy of TAXINN). In this scenario, for example we are using the Tax code as "A0". This tax code is already assigned in the VK11 against TCS COndition type JTCS as per OSS Note.
But after that also we are facing this issue. Due to this the Accounting entry in SD also not getting posted nor in Withholding tax related GL accounts also.
ALso please suggest us how to get the TCS Certificate
Warm REgards,
Nag

Tax Collected at Source - Certificate

Hi
We are entering manually the TCS (Tax Collected at Source) amount at the time of payment only. Is this the case, can we generate a TCS Certificate ?
Your valuable inputs are welcome.
Regards

earlier SAP has not support the TCS (india), but very recently they had released one note exclusively for TCS configuration and code correction. When i attend the SAP summit at banglore i asked the SAP and they promised us to release the note.
note no. 1168591, dt. 12.05.2008 here u can find the configuration document screen shot wise provided by SAP
along with that also implement the 1172387, dt. 07.08.2008 this note for maintain separate acknowledgment numbers for Form 26Q/27Q
remaining process is same like TDS
as per your support package some more notes my also require to implement.
if u are in ECC 5 support package SAPKH50019 or ECC 6 - SAPKH60013, above notes are enough, if your below the support package level u have to implement some more notes.
apply the above notes and test
all the best

Tax Collected at source Cofiguration

Deal All,
pls do let me know in detail abt cofiguration required for TAX collected at source.
& process in detail
regards,
GHS.

Hi,
Just wondering can any one proivde me TCS config steps as i have done config for TCS for Indian comp code but WHT calculation is not working as it need to be.
Example Invoice amount is 100000
01      Customer   98900
50      GL             96153.85-
50       VAT 4%   3846.15-
40      TCS 1.1% 1,100
The above calculation is wrong its calculating on Invoice amount 100000 but it should calculate on 96153.85 and total of invoice should be 100100.
I tried all option like calclation on Net amount, Gross amount, Modified amount in WHT type config.
Please let me know if any thing need to config at Pricing procedure for this.
You help is much appriciated.
Thanks for your help in advance.
Regards
Srini

'Tax collected at source' to be incorporated at PO level

Hi Experts,
We need to incorporate 'Tax Collected at Source' while PO creation.
This TCS amount should be reflected during Invoice creation while MIRO.
The Accounting entries while MIRO for the same will be
Vendor     Cr
GR/IR       Dr
TCS          Dr
Can this configuration be done with withholding Tax configuration . Pls suggest
Thanks & Regards,
Vishal

Hi Madhu/Dewang,
Thanks for ur replies.
We want to inculcate the TCS in the PO level.
Here the invoice(MIRO) which we sent to Vendor should contain the TCS included in it.
Here The accounting entries should be(which are required )
Entries A:
Vendor Cr   110
Gr/Ir   dr 100
TCS acc dr 10
But after the normal WHT tax code configuration ,
I am getting the following entries
Entries B :
Vendor cr 90
Gr/Ir      100
TCS acc cr dr
Is it possible to get entries A instead of entries B with WHT config.
@Madhu
i have gone through the Note 1168591 where we are creating the TCS tax code and assigning to customer(thru VKOA)
(Correct me sir if i am wrong.)
. Is there any way where we can create the Tax code and assign it to vendor?
Thanks & Regards,
Vishal

Tax collected at source

Hi,
I want to calculate TCS on scrap customers. I have some idea of creating one condition type in SD and calculate the tax. But the tax collected should be remitted to the Government as like the TDS right?
In J1ILN i found the menu for the customers for remitting the tax and bank challan update and certificate print. Are these menu meant for the TCS collected from customer? I think if we want to use this menu we have to maintain TAX TYPES AND TAX CODES in with holding tax.
Another menu i found in SPRO as link will be giving the tax types to the condition types. Will it work if i assign one tax type to the SD condition type?
Another thing is while taking the certificate printing for the customer in the above menu will it give in FORM NO 27D? If yes which form i have to use?
Kindly suggest to me. I will assign full points.
ssp

Hi,
I have similar situation. Do you mean SAP hasn't delivered the solution for TCS yet?
I am not sure how to achieve Credit WHT Account as example below:
34900424 Customer A                 1013.00
79510001 OTHER INCOME                    -961.54
21660111 VAT Payable Accounts         -38.46
21670112 206 - Tax Coll-ECeX              -1.00
21670111 206 - Tax Collected               -11.00
21670119 206C-Tax Srce HSEC             -1.00
Using standard WHT configuraiton on Customer only give me Debit on WHT instead of Credit.
Anyone has successfully implement TCS?
Regards
Lisa

India Tax Collection at source as per SAP note issue

Has anyone configured TCS as per SAP note 1168591?
Actually the note speaks about creating withholding tax types for Invoice posting and then the config proceeds with the same. However, as per the law TCS liability is created on advance received or sales whichever is earlier. I have mapped the entire process. But the issue is that Payable account is getting debitted and the offsetting a/c getting creditted. Double TCS is being (debitted)deducted. At time of payment and at time of Sales invoice. We normally receive advance and only then proceed with the sales. How to go ahead? How to pay off from debit a/c? How to close the offsetting accounts?
SAP note does not seem to be complete.
Qick response would be well appreciated.
Regards/

Hi Magnesh,
If you are using the CXS TDS addon, please assign the TDS paid account (i.e. Tax collected by others) in the setup
Administration / Setup/ Financials / G/L Accounts Determination / Sales Tab/ Tax Tab/ TDS Payment A/C
This will solve your problem.
Regards,
Murali

Tax collection at source config

how to config. for tax collection at source ?

You have to implement the following all notes for up to TCS certificate printing, you can find the configuration document in notes
1168591
1224778
1223591
1291522
1314594
1293847
you can get the configuration and process document from following link
https://docs.google.com/fileview?id=0B2LTD27fUjxxODU3YWQ4ZGUtMzA0YS00ZWY1LTkwOGYtYmY1NmNkNGI0MmQx&hl=en
Edited by: Sai Krishna Vallurupalli on Dec 1, 2009 2:24 PM

Certificate for Tax collection at source - CIN

Hi SAP Gurus,
Please let me know procedure for config / user steps for Certificate for Tax collection at source upon sale of scrap.
Regards
Dwijendra

You have to implement the following all notes for up to TCS certificate printing, you can find the configuration document in notes
1168591
1224778
1223591
1291522
1314594
1293847
you can get the configuration and process document from following link
https://docs.google.com/fileview?id=0B2LTD27fUjxxODU3YWQ4ZGUtMzA0YS00ZWY1LTkwOGYtYmY1NmNkNGI0MmQx&hl=en
Edited by: Sai Krishna Vallurupalli on Dec 1, 2009 2:24 PM

Rounding off service tax

Hi Guru's,
I would like to know what settings do I need to do the round off to next rupee in the service tax calculation.
If sevice Tax Amt - INR 240.23 = INR 240
If service Tax Amt - INR 240.55 = INR 241.
That means if it is .50 and above it should round off to next rupee, else round off in other way.
Thanks in advance.
Deepak

Hello
Some times rounding off in invoices can be country specific, where decimals / rules for rounding can be defined.
Maintain these and check. But this could affect other documents also, which I am sure you do not want.
Please check this
SPRO-> EWT>Calucaltion>define rounding rule for tax type
Reg
*Assign points if useful

Tax Collected at Source on Scarp Sales

Hi Gurus,
Can anyone help me with configuration and steps for Tax Collected at Source on Scarp Sales
Regards,
Harmees

The config is very much similar to TDS that we do for a vendor.
Create tax types, tax codes, maintain all settings and assign the same to customer in the master.
That will meet your requirements.
P O I N T S
Cheers!

Rounding-up of tax collected at sorce (TCS)

Similar Messages

Maybe you are looking for