Tax Procedure for Singapore
Hi,
We have a scenario for our company in Singapore for GST. We need to pay the
tax value (GST) while purchasing any material from Vendor and finally take
claim from the government and thus the tax value (GST) doesn't become part of
landed cost of the material. We need to know if any tax procedure is provided
by SAP for Singapore so that the relevant tax code can be created for this
scenario.
Can anyone help in order to map this scenario for Singapore?
Thanks in advance
Hi,
The Tax procedure as of release 3.1I we have country version for Singapore.
In FTXP or OBBG you can find the tax procedure TAXSG which is specifically used for Singapore country.
Refer the below OSS Note...
560285 - Singapore: Goods & Services Tax (GST) Rate Change
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TAXINN- Condition record based tax determination. Records are maintained in VK11 for tax condition types in SD & MM is FV11
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client is willing to create new customer account group for China & Hong Kong, is it possible?
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You can create and use a new tax code which is applicable only for Delivery charge cases.
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Hi All,
Needed your inputs on definition of tax procedure, to calculate VAT tax where base amount + withholding tax amount are tax base components.
E.g. in AR line item:
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StepCounter-Ctyp----Description-From--To
100--0--- -BASB--Base Amount
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The main requrement of creating non leading ledgers to report the business transactions and tax on them to local authorities.
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Aravind -
Dear All,
There is no tax on purchase. Whatever tax mentioned in the invoice are capitalized/booked under expenses. Should i use FI Tax procedure for it. The illustrative pricing is as follows:
Please suggest an approach for it
Price of item 1000
Sub Total 1000
P & F @2 % 20
Sub Total 1020
Excise Duty @8% 81.6
E Cess@2% 1.63
HE Cess @1% 0.82
Sub Total 1104.05
VAT/Sales Tax /CST as applicable (Say 12.50%) 138.01
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Freight Nil
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Insurance Nil
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Discount if any Nil
Total 1248.95Hi,
MM Pricing Procedure and Tax Procedure are entirely different concepts. In your example you have mentioned about excise duty, education cess and higher education cess, VAT etc. is nothing but tax. Material price, packaging and forwarding charges and discount are nothing but pricing conditions.
MM Pricing Procedure
The Basic thing is Condition Technique. In which there are
1. Access Sequence (M/07) 2. Condition Record (MEK1) 3. Condition Type (M/06) 4. Condition Table.
Tax Procedure
1. Access Sequence (OBQ2) 2. Condition Types (OBQ1) 3. Procedure (OBQ3) 4. Condition Records (FV11)
- Saleel -
Link between OB40 and tax procedure.
Hi Experts,
In OB40 GL code is maintained for different transaction like NAV,MWS etc.Could not get how it is link with OBCN & tax procedure.In tax procedure we maintain different condition type.For example in tax procedure for condition type MWZI account key is NVV but in OB40 could not see this transaction key NVV.
Thanks & Regards
Atharva G.Hi,
The tax account keys are maintained in OBCN transaction.
In OBCN, NVV account key is maintained with posting indicator as 3 (Distribute to relevant expense/revenue items) which doesnt require any GL account maintenance. Because of this reason, the account key is not displayed in OB40.
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The tax procedure is linked to country in OBBG.
Hope you understood the logic. Revert back if you need further clarification.
Regards,
AKPT
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