VAT /SALES TAX ACCOUTNING TREATMENT
Hi all,
i have seen that there are certain tax conditions which are defined as inventorised and certain condition are defined as set off. my queries are :-
1 ) What is meant by set-off and inventorised.
2 ) how the set-off takes place
can somebody send me a document about accounting treatment of VAT in India. what is set-off/inventorised explaining all these terms.
my mail id is [email protected]
regards
sachin
Set off means- eg: Cenvat - ed cenvat
inventorised means - you cannot claim cenvat or credit, the cost needs to be included in inventory value.
regards
anantha
Similar Messages
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Hi,
In case of sales tax, how will the system identify that for a partcular customer what is the amount of tax or % it needs to deduct in terms of sales and where the configuration is done for this.
Thanks,Hi,
When your company receives a purchase order from your customer, you will book in SAP to deliver him with the help of Sales Order. This Sale Order will have the Basic Rate of a Product, Qty, Total Amount, Tax Amount and Gross Total Amount etc, with the help of Condition Type, Condition Records, Pricing Procedure, Tax Procedure, Access Key etc. automatically.
Regards
VG -
Accoutning treatment for VAT/sales tax
Hi all,
i have seen that there are certain tax conditions which are defined as inventorised and certain condition are defined as set off. my queries are :-
1 ) What is meant by set-off and inventorised.
2 ) how the set-off takes place
regards
sachinSet off means- eg: Cenvat - ed cenvat
inventorised means - you cannot claim cenvat or credit, the cost needs to be included in inventory value.
regards
anantha -
Excise and Sales Tax/VAT related notes.
Hi,,
Can anyone provide me notes on Excise and Sales Tax/ VAT related issues(Pricing Proc/Condition Types/Sceanrios etc) at my mail id [email protected]
Regrds,
BinayakHi Pratap,
For free goods you have to pay excise duty, that is why i recommend you to follow a new pricing procedure, where the Price Condition type is statistical(to calculate excise) and give payer as self if the excise duty you would not get from customer,\
1.Create invoice and excise invoice.
2. If you don't want to to hit self(given in document header partner) create proforma and excise invoice
revert if you require any clarrification.
regards. -
G/L accounts linking with sales tax and VAT
Hi gurus,
I want to link the G/L account with Sales tax and VAT for this wat i can do and where,plz help me, it is very urgent.
Regards,
Dharma.there r four steps to link sale tax
step 1 go to OBYZ
Create tax procedure to your company code
step 2 Go to FTXP
step 3 Go to FS00
step 4 go to OB40
srikant -
VAT or Sales tax number display on Invoice.
Dear Friends :
We have an urgent requirement.
We would like to disply Sales Tax no or VAT no on the invoice when we print.
Currently we are using smartforms. Any idea or any light how to display text on the invoice ?
Full points will be given to those who help me to solve the mystry.
VanbillsHi Van,
Normally, The VAT Registration Number is stored in the customer master General data, Control tab page.KNA1 - STCEG. is the field name.
You can pull this into the smart form. It depends where you want to put this information in the smart form.
Create a separate.Text object and you can print the Vat registration details here.
You can tell the details of how to pull the VAT registration number to the ABAPer and he will write a code to pull the data from there and print in the invoice.
Regards
Srini -
Input sales tax/ VAT?
Hi All
I belong to edible oil manufacturing industry. Here we produce an acid from waste of edible crude oil. Can we enter input tax in sap because it is very difficult to trace from which batch or type of raw material this acid is produced.hi,
yes you can assign sales tax /vat to material fro tcode VK11 as follows with the different combination. system will automatically calculate tax code when you will create sales bill.
Regards,
mukesh -
VAT or Sales tax on Billing document
Dear Friends :
We have an urgent requirement.
We would like to disply Sales Tax no or VAT no on the invoice when we print.
Currently we are using smartforms. Any idea or any light how to display text on the invoice ?
Full points will be given to those who help me to solve the mystry.
VanbillsHi Van,
Try with this,
Through adding some code in the smartform program you can get this.
-->First option ,Please maintain the VAT no and sales tax number in the invoice header text from there you can capture those details to the invoice output through smartforms program with the help of ABAPer.
-->Second option is whare you are maintaining all these details from that place(i.e From J1ID or Customer master) you can capture directly in the invoice output with the help of ABAPer.
I hope it will help you,
Regards,
Murali. -
Hi,
I am working on Free Goods determination.
The ultimate aim is to capture excise duty and sales tax for materials which is sold as free to customer.
I could able to capture excise duties,whereas it is not charged on customer.
I could able to sales tax,whereas it is t charged on customer.
Only problem i face is for item category TANN ,tax value should be zero (o) means at the time revenue account determination it should not post to customer account .How can i configure it.
I tried with various options but i could not make it.
I thought of generating report keeping in the mind that where ever the condition type R100 >0.01,system should find out the value for sales tax VAT /CST.
Based on that value credit note have to raised for customer.
Here in our case Rs 2.93/- should be issued as credit note.Is there any other alternative option available.
Thanks,
Pradeep MWe are using the below one.
IF komp-PSTYV = 'TANN' OR komp-PSTYV = 'RENN' .
IF XKOMV-KSCHL = 'JIVP' OR XKOMV-KSCHL = 'ZCES' OR XKOMV-KSCHL = 'JIVC'.
XKWERT = 0.
ENDIF.
IF XKOMV-KSCHL = 'ZBPF' OR XKOMV-KSCHL = 'R100'.
XKOMV-KSTAT = 'X'.
ENDIF.
ENDIF.
ZBPF is our basic price
Regards
Jobi -
Origin of Sales Tax ID Number in billing document
Hi
In the billing Header, Taxes, there is a field "Origin of Sales Tax ID Number". Can you pls. guide me what is the mean of this field and how the value for that particular field is detemined.
with regardsHi Lin
The field "Origin sls.tax no." actually indicates that from where the VAT registration no. in Billing Document is coming. If you check the F4 help of this field then you will find that there are different option like - from Ship to party, Payer or Sold to Party etc. The determination rule is maintained in customising at IMG> Sales and Distribution>Basic Functions -->Taxes -->Maintain Sales Tax Identification No. Determination.
Hope this will clear your doubt.
Regards
Amitesh Anand -
Origin of sales tax ID number in billing documents
Hello,
The field "Origin of sales tax ID number" in billing documents determines from where the tax ID number is taken, for example:
A - Ship-to party
B - Payer
C - Sold to Party
When the partner functions of the customer are different, how can I decide whose tax ID number the billing document takes? I need to take the tax ID of the payer but it takes of the ship to party.
Thanks in advance, best regards,
Silviahi,
The path here is IMG, Sales and distribution, Basic functions, Taxes, Maintain sales
taxIdentification number determination.
Three available options can be assigned to each sales organization. It is recommended that in order to keep consistency throughout the system, use the same determining rules across all sales organizations.
The first is determination rule A, which indicates that the tax number and tax indicator classification are generally taken from the sold-to party customer master record.
Determination rule B indicates that the tax number and tax classification are generally taken from the customer master record of the payer.
Finally, if the field is left blank, the system determines the tax number and the tax classification according to the following sequence:
1.If the payer has a VAT registration number and is identical to the sold-to party, the tax number and tax classification are copied from the payer (in this case, the ship-to party is not relevant). The tax number is copied according to the country of destination relevant for taxes.
2. If 1 does not apply, the ship-to party has a VAT registration number, and the sold-to party does not, the tax number and tax classification are copied from the ship-to party.
3. If 2 does not apply, the tax number and tax classification are copied from the sold-to party.
CHAN -
Customization for Origin of sales tax ID number
hello,
I am trying to understand how Tax is being determined according to the field "Origin of sales tax ID number" which get to the sales order and Billing document.
I have a situation where the value of this field in the Billing doc is different then the Order and it is has different options. sometimes "sold-to" sometimes "ship-to".
Which customization affect the value of this field in the Billing document?
Regards,
Tomer ZimmermanHi Tommer,
Check the path: spro-sd-basic func---taxesmaintain sales tax ident no.
This field is used to control determination of the VAT registration number in the order and the billing document.
It is linked to determination of the tax classification.
If BLANK is set, then the standard prioirty ruls apply, as follows:
1. If PY has a VAT ID no. and PY <> SP, then the tax number and tax classification are taken from PY (the SH is no longer relevant).
The tax number is taken according to the 'tax country of destination'.
2. If 1 does not apply:
If SH has a VAT ID no. or SP has NO VAT ID no., then the tax number and the tax classification are taken from SH.
3. If 2 does not apply:
Tax number and tax classification are taken from the sold-to party.
If 'A' is set, then the tax number and the tax classification are generally taken from the sold-to party.
The tax number is taken according to the 'tax country of destination'.
If 'B' is set, then the tax number and the tax classification are generally taken from the payer.
The tax number is taken according to the 'tax country of destination'
Reward points if it helps.
Regards
Karan -
Account Determination for Tax using Sale Tax Code
Hi,
We are using TAXINN and sales tax codes. We are using JTX1 condition in our sales pricing procedure for which we r maintaing condition record with correct tax code applied to it. We have assigned account keys in Tax Procedure, so no acct. key is assigned to JTX1 in sales pricing procedure. In record of JTX1 we are maintaining same tax rate (with tax code assigned to it) for eg. 4 % (not 100%) as maintained in tax code.
Now, we are able to save billing document but while creating accounting document system is giving following error:
No account is spesified in item 0000001002
No acct. was specified for acct. type S in item 1002 of the FICO doc.
The financial acctg. pgm. cannot process the doc.
A sys. error has probably occured in ther sppln. you called up. Check the data transferred to item 1002 of the FICO doc.
Pls. help.
Regards,
DiptiHi Dipti,
Hope you are working for Indian Client.
Since you are using TAXINN procedure, you should not use JTX1(Tax Jurisdict.Code) condition at all. As you are aware after implementation of VAT, we should switch off Tax Jurisdiction at all lelvels.
SD Pricing Procedure:
1. Condition Type Settings
a. Excise conditions (if req'd)
b. LST / CST Conditions
c. Freight and Insurance Conditions
2. Access Sequence Settings
3. Maintain Pricing Procedure
4. Assign tax code to Company code
Therefore, check your IMG settings once again.
Bye,
Muralidhara -
Hi everybody,
I am creating sales tax Register.
I refered J_1ISTAX , but i am not getting it.
My requirement is to display Material Value, Discounts, Freight (taxable and non taxable), Accessible value for excise, Excise + Education Cess , Taxable value, LST/VAT, TCS, CST.
I am not getting appropriate fields of appropriate Table.
Can yo please help me in finding the Tables and Fields .
Thanks & Regards
Nitin.Hi,
For excise details you will have to use J_1iexchdr, J_1iexcdtl,
For Customer details use KNA1
For Tax related data use KONV
Also:
check these tables might help ful to u get all data related sales tax
vbrk,
vbrp,
konv,kna1,skat,t685,
t007s,bkpf,
j_1iexchdr,
vbfa,vttk,vttp.
And see:
Check this following tables & link
BSET ,
BKPF ,
bseg,
T001 ,
T001W,
T005 ,
T005U,
T007A,
T007S,
EKBE,
VBFA,
EKPO,
KNA1,
EKPA,
EKKO,
LFA1,
VBRP,
TVST,
SADR,
VBPA,
LIPS.
http://www.sap-img.com/sap-sd/link-between-sap-sd-mm-and-fi.htm
http://www.sap-img.com/sap-sd/important-tables-for-sap-sd.htm
http://www.erpgenie.com/abap/tables.htm
Reward points if found helpful...
Cheers,
Chandra Sekhar. -
SD: Service tax and sales tax
Dear All
My client has 3 plants in different states and in to erection activities. while configuring the service tax and sales tax i have created single G/L accounts for the service tax and sales tax based on tax code.
Now my client is asking how can check the service tax payable and sales tax payable as per plant basis.
With my config all service tax will go to one G/L account , VAT will go to one account . how can we able check plant wise details.
Suggest me the way
Regards
SatyaHello
As per my experience, the GL Acc for Service Tax & VAT can't be same. Check with your client.
Anyways, as per your requirement for VAT
1. Maintain 3 Tax code corresponding to your Plant. This will help you in different Tax Code differnet GL Acc
Say,
V1 - Output TaxCode AP
V2 - Output TaxCode KA
V3 - Output TaxCode TN
2. In Tcode OB40 - in Rules activate Tax code. By doing this, it will activate TAX CODE & ACCOUNT in account section.
With you can maintain,
V1 - 3888001
V2 - 3888002
V3 - 3888003
3. Maintain access sequence Country/Plant/PlntRegion/TaxCl1Cust/TaxCl1Mat. in Tax Condition Type.
Then maintain condition record (VK11) for your VAT.
Say,
Country - Plant- PlntRegion - TaxCl1Cust - TaxCl1Mat.
IN - 3010 - AP - 01 - 01 - 4 % - V1
IN - 3020 - KA - 01 - 01 - 4 % - V2
IN - 3030 - TN - 01 - 01 - 4 % - V3
Similarly, you can do for Service tax also.
Thanks & Regards
JP
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