Tax on sales & purchase
hi
plz give me details customization for tax for sales & purchases all start to end step by step
regards
gayatri
Hello Gayatri.
First of all you are created your own tax procedure in basic settings or if you are using the tax procedur given in SAP then you assiged that procedure to your country in basic setting.
If you are using tax juridiction then define in basic setting also.
Then second Step is calculation
Define tax code for input as well as out put tax.
Define your base amount in calculation step it is for how you want to calulaate the tax for determing the net amount .
Third steo is posting
In this you have to deside in which account the tax should to be posted.
You have to assign accountst as per transection given therer these transection is used in every tax procedure by name account key foe eg vst, mst,ese .
If this informetion is usefull to you assign the points
Regards
Ravi
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Hello everybody,
Where could I find information about tax on sales/purchase? I am especially looking for info from a business perspective. The questions I try to answer are, for example, the followings:
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Stanislas Bresin> Hello everybody,
>
> Where could I find information about tax on
> sales/purchase? I am especially looking for info from
> a business perspective. The questions I try to answer
> are, for example, the followings:
> - What are the main business issues regarding VAT on
> sales and purchase?
<b>In case where for a product or a material VAT is involved u need to post the input tax or output as line item separately so that input tax can be adjusted against the output tax. In case the material is not available for set off against VAT then u need to define the same as to be inventorised along with the base price</b>.
> - What is the point to have a calculation procedure
> (T. OBYZ) regarding to business? A tax code would not
> have been enough?
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Calculation procedures containing the necessary specifications for the calculation and posting of taxes on sales/purchases have already been defined in the standard SAP system for certain countries. Every calculation procedure groups several tax types together into a condition type (for example, output tax or input tax) in the calculation procedure, and determines calculation rules for it.
The calculation procedure determines for which amount the individual condition types are to be calculated. This can be the base amount (total of the expense items and the revenue items) or a subtotal. The entry in column FrmLvl, determines for which amount tax is calculated.</b>
> Many thanks for your support,
> Stanislas Bresin -
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During Tax on sales/Purchase
Hi Guru's
post documents or upload the transaction data into system which shows the difference in VAT amount as appearing in the VAT data download as per query S_ALR_87012357 and VAT calculated manually @17.5%. Pls let me know the reason for the same.
pl reply to me soon as it is very urgent
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Message was edited by:
Raghavendra Rao GHi,
In your purchase order in account assignement tab whether the Sales order is updated.
If the sales order is updated in Purchase order then you can use the Alternative formula for condition base value
Formula for determining the condition basis as an alternative to the standard.
This can be used in your respective Pricing procedure.Where it picks the condition base value from the Purchase order Conditions.
You need to code your own routine over here considered the PO and Sales order has to be related.
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Hi
Check the link
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While posting enty in f-22or f-43, m unable to view the tax line item while simulate the documetns.
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Please check possibilities
please check whether Tax Code is assigned to company code ? Logistic General - Tax on Goods Movement- Basic settings --- Determination of excise duty ---Condition based excise determination --- Assign tax code to company code.
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Srinivas -
Hi,
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2 what is the difference of vat (gst) against sales and purchase tax?
thanks
rgdsHi ,
Dear there is no difference between VAT and sales & Purchase tax. Whenever received goods from Vendor agaisnt PO,you have received Tax Invoice against delivery challan ( That tax called as Input tax) and whenever sold goods to customer that tax called as output tax. In India most of the states using VAT oriented tax rules (it is centralized tax rules controlled by sales tax department) and remianing states using local rules (i hope) that GST.
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When we configre the Tax on Sales & Purchases we need to configure the "Procedury".
In this "Procedury" configuration i dident understand the function of following fields.
1: Man
2: Mdt
3:Stat
4:Print
5: Sub To
6:Reqt
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8:AltCby
Can anyone explain me clearely regarding these fields, that will be very helpfull.
Thanku<b>Mandatory :</b>
Conditions, that are given this indicator in the pricing procedure, are only included in determination (price determination, outputdetermination, batch determination) either if they are entered manually, for example, on the condition overview screen in Pricing or if they are transferred from an external process, such as costing.
<b>Required</b>
Indicates whether the condition is mandatory when the system carries out pricing using this pricing procedure.
<b>Statiscal</b>
This indicator causes a surchage or discount to be set in the document statistically (that is, without altering the value).
<b>Print:</b>
Controls issue of condition lines when printing documents such as order confirmations or invoices.
<b>Subtotal:</b>
Controls whether and in which fields condition amounts or subtotals (for example, a customer discount or the cost of a material) are stored.
<b>Requirement:</b>
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<b>Alternative Calculation Type</b>
Alternative formula to the formula in the standard system that determines a condition.
<b>Alternative formula for condition base value:</b>
Formula for determining the condition basis as an alternative to the standard
Thanks and Regards
Rama.Challamalla -
Error in tax on sales and purchases
hi,
pls give give me a solution to these error
Tax code 00 country IN does not exist in procedure 0009
Message no. FF713
Diagnosis
You entered a tax code which is not defined for the country of the company code to be posted to in the tax calculation procedure.
System Response
Procedure
Check and, if necessary, correct the entry.
Procedure for System Administration
If it is not an input error, check and possibly change the system settings.
To do this, choose Maintain entries (F5).
Check whether the company code is assigned to the correct country and whether the correct tax calculation procedure has been entered for the company code country.
Create a new tax code if necessary.
Caution:
Since it is possible that the tables in question are being updated at a different time on another computer, it can take a certain amount of time for the tax code to be on all local machines in client server architectures after saving the new code.
when am posting the documents.
regards,
supriya thodimela.Give the county key IN against your tax procedure in OBBG.
path:
Financial Accounting > Financial Accounting Basic Settings> Tax on Sales/Purchases> Assign Country to Calculation Procedure
Check whether the company code is assigned to the correct country and whether the correct tax calculation procedure has been entered for the company code country.>>>> is given in the error message
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