VAT/ GST treatment for asset

Hi, this is an Australian issue dealing with VAT/GST treatment for assets.
Do you folks know what Oracle 11i capabilities are in terms of capturing and tracking VAT/GST component for assets?
This is an effective function for recalculating asset cost base when change of use occurs.

Your entries are correct. In SAP you can settle AUC in two ways
Ist Method
1. Create AUC under 4000 asset class
2. Make postings to AUC through f-90
3. Make distribution rule using T Code AIAB
4. Settle the AUC using TCode AIBU
In step (3) you can distribute the amount spent on AUC to two or more assets otherwise you can give only one asset and then settle the AUC through AIBU.
2nd Method
1. Create an investment order (KO01)
2. System automatically creates AUC under asset class 4001
3. Enter distribution rule in the same screen ( like in the (3) above) or just give a cost center or an asset.
4. Post payments through F-90 and give the order number in that screen
5. Then settle the AUC using TCode KO88
Radha

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VAT/GST in case of services

Hi
Can someone suggest me how to configure VAT/GST in case of services.

Shipla,
Configuration Path:
IMG --> SD --> BF --> Taxes
a. Define Tax determination rules
you will have to maintain ZCST and ZVAT against the Country.
b. Define regional Codes. Create City code within India - IN
c. Assign Delivering plants for tax determination. Click details button of your plant and mainatain country and city for your plant
d. Define Tax Relevancy of master records For Customer Taxes and Material Taxes
Click on customer Taxes
Maintain Tax category as ZCST and tax class 0,1,2 (Depending on your requirement)
Similarly mainatin it for ZVAT (0,1)
Maintain same classification for Material taxes.
e. Maintain these values in Customer master record and Material master records appropriately.
Now create condition types ZVAT and ZCST, maintain condition records through VK11
Service tax - JSER = 10%
Education cess - JECE = 2% (it will be calculate on service tax)
Secondary education cess - JSEC = 1% (it will be calculate on service tax)
Pricing procedure
                                                  FROM    TO
10 PR00 Price
20 ZCST CST                             10
30 ZVAT VAT                             10
35 Netprice                                 10         30
40 JSER Service                         35
50 JECE Edu. cess                      40
60 JSEC Sec. Edu. Cess              40
Mainatain Account ting keys accordingly for all the condition types excpt "Netprice".
Hope you are clear
Regards
Sathya

Accounting Treatment for CWIP (AUC)

Please Explaing me the Accounting Treatment for Capital Work In Progress.
what are the accounts we need to create for CWIP ( AUC ), & Whats the treatment in SAP.
As per my Knowledge when an asset under con, following entries will be effected.
1. 01.04.06 to 31.03.2007. ( Asset Under Construction ).
    CWIP Exp (P&M) A/c Dr 5000
        To Bank A/c                       5000
(For Exp incurred for CPWIP)
2. Capitlized on 01.04.2007.
      Plant & Machinery A/c     5000
           To CWIP Exp (P&M)             5000
( being Asset has been capitalized on 01.04.2007)
please guide me whether the above details correct or not.
if wrong please send me the procedure for CWIP.

Your entries are correct. In SAP you can settle AUC in two ways
Ist Method
1. Create AUC under 4000 asset class
2. Make postings to AUC through f-90
3. Make distribution rule using T Code AIAB
4. Settle the AUC using TCode AIBU
In step (3) you can distribute the amount spent on AUC to two or more assets otherwise you can give only one asset and then settle the AUC through AIBU.
2nd Method
1. Create an investment order (KO01)
2. System automatically creates AUC under asset class 4001
3. Enter distribution rule in the same screen ( like in the (3) above) or just give a cost center or an asset.
4. Post payments through F-90 and give the order number in that screen
5. Then settle the AUC using TCode KO88
Radha

Conditions types for Assets

Dear Guru's,
Do we need select different condn types for Normal tax code & Asset tax codes ?
Now For domestic purchasing purpose, i have created a tax code with Excise, EC & SEC+VAT
with JMOP, JEC1,JSEP,JVRD,JMX1,JEX1 & JHX1
can i use the same to asset purchasing as well or do we need have a diff condn types ?
If so pls let me know the condn types for Asset tax code.
pls suggest
Regds,
Channa

In that case you need to mantain the condition records with tax code and country combination (key combination)..
The while creating the PO as i told you earlire the condition records will be called by the system by putting the tax code in the tax code field in invoice tab at item details level.
Note: If in your company the condition records are mantained with the above mentioned key combination then no need to create new condition records in FV11, first check if the condition records for your tax code and contry combination in FV13.
Now for GR, you will have to mantain the J1ID transaction, with only plant code and the chapter id combination since for asset material you are not having material code, set the register type as Capital goods. And complete the procurement cycle.
Hope it clarifies your doubts.
Regards,
Sujoy

Error while posting a write up for asset belonging to affiliated company

Hi,
I am facing an error while posting a write up for an asset which belong to an affiliated company. Error is
Transaction type 790 not possible (posting to affiliated company)
Message no. AA390
I am using Transaction type 711 which is linked to 790 in custo. Kinldy let me know how to resolve this issue.
Thanks
Pragya

Hi
According to this note for document type used, we should not select the 'inter company posting' or 'enter trading partner indicator'
but as i m doing writeup for asset belonging to affiliated company, so i need to set this indicator. the document type used is standard AA
Is there any other way, to resolve the issue
Thanks
Pragya

Back up plan for Asset year end closing

Hi,
Do you have any back plan prepared for Asset year end closing especially t.code AJRW and AJAB (running this in Background).
what back up plan we should recommend if it fails for already happened activities.
Regards
Shanu

Hi Shanu,
there is a Test-run modus.
If it fails for some reasons, you will get a error message. Then you solve this error and repeat AJRW or AJAB.
regards Bernhard

Report for Asset number and its Purahcse order number

Hello Friends,
Please give me details of report for Asset number and its Purchase order number .
Regards
Nilesh Vakil

hi,
GO to ME2N...
use SHIFT + F4..
there check for the acc. assign cata. field and input the asset and execute..
Regards
Priyanka.P

Derivation of Funds Center from cost center for Asset PR/PO in FM

Hello Experts,
We configured new FM area and relevant BCS settings. It is working fine except PR or PO for Account assignment category A.
Issue: system is not able derive funds center from cost center in the asset master. cost center is not updated in EBKN table for Asset PR.
we have maintained the following;
1. Funds center is activated in Asset account assignments
2. Maintained derivation rule with function module: FMDT_READ_MD_ASSET
3. Derivation rule for cost center to funds center also maintained
If maintain funds center manually in PR it is working fine and consuming budget also.
Requirement: How derive funds center from cost center assigned in asset. I have verified all tickets raised in this forum, but nothing has answered my question.
Request you to provide solution for above issue.
Thanks in advance for support.
Regards,
Chalapathi

Hi Venkata,
You have two derivation rules, first related to Asset function module and second one is related to CC and FC combination.
You need to maintain the function module derivation rule first then you need to maintain the derivation rule related to combination of CC and FC. Because first you need to derive CC from asset master and then you need to derive fund center with reference to this CC.
Regards,
Ankit Agarwal

Report For Asset, Field ANBTR01 value problem

hi,
I have created one report for asset.
i used 2 tables ANLZ, ANLA..
but i want to retrive value of ***.acquis.val. and Accm.ord.deprec of Tcode AS92.
But this is showing structure field..
iwant table from where i can retrieve my valu..
plz tel me solution.

Sujeet
Check tables:
ANEP Asset Line Items
AUAI Settlement Amounts per Depreciation
Thanks
Amol Lohade

Error while creating PO for Asset is investment measure

Hi All,
I am getting error when I try to create PO for Asset which is investment measure.
Error is as below:-
Asset is investment measure, transaction type not allowed
Message no. AK005
Diagnosis
Asset 305000003 0 that is to be posted is an investment measure. You are not allowed to post transactions that affect acquisition value using the current transaction.
Procedure
Check the asset and transaction type 120.
I am using account assigment catergory 'A' in PO. I have checked Allowed transaction type for Acquisition and 120 is already allowed.
Please guide.

Hi,
Try to create PO with account assignment category as P/N for project related ones.
If the related asset is related to Investment Measure we need to settle transactions to WBS element and from WBS element to AUC. We cannot directly post to AUC.
Thanks and Regards,
padmaja

AR29N Depreciation not completely posted for asset

Hi,
I am trying to do an asset revaluation using transaction AR29N
However, the following message appears when the transaction is executed
Diagnosis
Depreciation still has to be posted for asset.....
System Response
The asset cannot be processed
Procedure
Execute a depreciation posting run for the period 001/2011
I have already executed a depreciation run using transaction code AFAB for the period 001/2011. When I go to Asset Explorer AW01N under the posted values tab I am seeing depreciation posted for the period 01 for the year 2011.
Therefore, I do not understand why the system will still issue a message execute a depreciation posting run.
Any assistance will be greatly appreciated.
Regards,
Niketa

Hi Bernhard,
Thanks for replying.
I checked both the SAP notes you recommended and other SAP notes that relate to asset revaluation and still was not able to find any one that matched my problem.
Is there anything else you will be able to suggest ?
Regards,
Niketa

Error - No GL account selected for Asset account in Business partner master

Hi Experts,
Scenario - While adding A/P Invoice for Asset item, the error "Error - No GL account selected for Asset account in Business partner master Message (3518-13)
Awaiting your replies
Regards,
Sid

Hi,
You need to map the control account of that vendor(business partner).
->Open the respective Business Partner master data
->Under accounting tab
->Under General tab
->Control accounts (will be indicated with ... button),on opening this
->You will be prompted to map the control accounts
                                         ^ Down Payment Payables
                                         ^Assets Account
                                         ^Open Debts
Here you need to map the Asset account which also must be a control account(control account option should be checked in the chart of accounts).
Pls do check in the test system,understand the behavior of this account by booking ap invoice and payment,then proceed in the live system.
Hope this is helpful

Projects Release - Error: Enter a Distribution Rule for Asset without val

Hi Experts ,
While Releasing Projects , we got error :
Enter a Distribution Rule for Asset without a Validity limit.
Message No : KD059.
Diagnosis:
The settelement Profile used requires you to define a distribution rule for asset . For period 005 , 2009 , however not created a distribution rule for Asset.
We gave checked Settelement Profile , still we are not clear what settings is causes for this error ,
Please throw some light on if some one come across ...
Regards,
Sujana

check out OSS note 115618

Cannot write - up for asset for aquisition in the same year.

Hi experts,
Currently I am doing SAP version 4.7, and when I try to post a write-up for the asset that I purchase the same year as my write-up financial year, system does not allow me to post. When I send this issue to OSS, they also claim the same that write up can only be done for asset that purchased in the past financial year. Is this true? because I believe that I've done some write-up for the same fiscal year of the asset being purchase maybe in previous version. Or do I need to reconfigured a new transaction type for this. Currently I am using transaction type 700. I just need a confirmation.

Hi Mohamad,
In our version (4.6) it is not possible to do a write-up in the same year from the acquisition.
I had created a transaction type for only depreciation area 70. I don't see in customizing that it is possible to a write-up for an acquisitions from the current year.
Perhaps you can use an other depreciation key or start later with the depreciation.
When you have a lot of changes it is better to use manual depreciation and doing an upload from EXCEL with a LSMW
Paul

Document date is earlier than acquisition date for asset

Client has an asset which they want to post an acquistion for as of 1/1/2011. They are in December of 2011. They first put an acquisition in with 12/31/2011 and then cancelled it, realizing they needed a docdate of 1/1/2011. When they try to redo the acquisition with a docdate of 1/1/2011 they get the error "Document date is earlier than acquisition date for asset xxxxx"
The capitalization date on the asset is 1/1/2011. I looked at the acquisition date (thorugh SQL) and it is "1899-12-30 00:00:00.000"
Does anyone know why it is preventing from posting?
(Posting dates allowed are 1/1/11-12/31/11 for period 12 of 2011 and the period is unlocked)
Alan

Hi
I do believe that the problem is in the capitalization date 12/31/2011
Even if you have cancellled the first acqusition , and the acquisition date has taken the dummy date that assets have when there are no acqusitions 1899-12-30 00:00:00.000
Still the capitalization date remains 12/31/2011
and this will deter any transactions earlier than 12/31/2011
My question is,
can you still edit the field capitalization date?
Jose Antonio Castillo

VAT/ GST treatment for asset

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