How to Create Tax code for Benefit

[Former Member]

Hi Experts,

I want to create one tax code for below for below calculation, please suggest me how to create in SAP

Bank      - 304416.00

Vendor   +314832.00 (including Service Tax + Reverse Mach 4.944%)

ST Rev    -7200.00

ST Rev E.Cess -144.00

ST.Rev. H.E.Cess -72

TDS on Base Values 3000 of Advance amount of Rs.300000/-

Service Tax (50%) to be paid to vendor 2.472%

Service Tax (50%) to be paid to Govt. 2.472%

Thanks & Regards,

Aish..

[subhadeep_das]

Hello,

pls check the below link , may be helpful.

http://scn.sap.com/docs/DOC-42970

best regds

Subha

[former_member222241]

Hi,

Please do following configuration :

1. Define Withholding Tax Keys

2. Define Withholding Tax Type for Invoice Posting.

3. Define Rounding Rule for Withholding Tax Type

4. Define Withholding Tax Codes

In this give Post.indic. as 3 (Offsetting entry to G/L account) and Percentage subject to tax as 50%

5. Portray Dependencies Between Withholding Tax Types

In this case give dependency number of Basic Service Tax WHT code for ECS and S & H

6. Assign Withholding Tax Types to Company Codes

7. Create G/L accounts

8. Define Accounts for Withholding Tax Offsetting Entry

In case you require any further help please feel free to revert.

Please note that in PO also Setoff for Service Tax condition should be maintained as 50%

Regards,

Tejas

[Former Member]

Thanks You So Much.... i will do config as suggested by.

Thanks & Regards,

Aish..

[former_member222241]

Hi,

We would like to know are you talking about Abatement, if yes please let us know so that we can guide you accordingly.

Regards,

Tejas

[Former Member]

Yes Its related to Abatement, please guide me how to create tax code in sap

Thanks & Regards,

Aish..