TAX INN Configuration

Question

HI Experts,
I need help and support from you all
This is my First implementation project in CIN and my client have asked me to implement TAXINN.
Could you please provide me configuration document on TaxINN with full detail.
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Thanks in advance.
Madhu

Answer 1

Hello Madhu,
CIN Means Country India Version
In Indian Taxing procedure, Excise Duty plays a vital role in manufacturing scenarios. Excise related configuration is known as CIN configuration. CIN Configuration is a topic in itself. 
Some info on CIN Configuration (it may not appear as understandable below, but if you check on screen, it will be understood better) Country Version India comes with four pricing procedures as follows:
-     JINFAC (Sales from manufacturing plants) 
-     JINEXP (Export sales) 
-     JINDEP (Sales from depots) 
-     JINSTK (Stock transfers)
CIN: IMG > Logistics - General > Tax on Goods Movement > India > Basic Settings > Maintain Excise Registrations
Tax on Sales & Purchases:
Taxes on Sales/Purchases, Sales Taxes, and Additional
Taxes
The Accounts Receivable, Accounts Payable, and General Ledger application components
support the calculation and posting of tax as follows:
- The tax amount can be determined upon request
- The tax amount is checked by the system at document level
- The tax amount is posted to the tax accounts automatically
- A tax adjustment can be performed automatically, if required, for cash discount postings and other deductions
Country key :IN
Tax code:V1
Procedure:TaxU
Tax type:V
Tax type :Input
Actkey : VST
Condition Type:MWVS
Tax percent.rate: 12.5%
Level: 120
Chart of accounts   Account key
AAAA                        VST
Chart of acts acc.to Ger.law
Input tax Tax code G/L Accounts
V1                         154100
V2                         154200
if useful pl assign points and if u have any querries pl fell free to contact me
thanks
venkat