on 04-07-2014 12:57 PM
Dear Experts,
In our company, we have a offer with vendor. so that following tax should be in one tax code. how do we create?
Dear Arun,
I think you know the process, how to create tax code and Maintain Condition records.
Create tax code as you desire for example (FTXP) - Z1 - ( Service tax 12.36% on 30 % & CST 2% on 70 %)
Now maintain Condition Records-
Example Service tax condition Type ZSTA - service tax (3.6 %)
ZSES Education Cess (2%)
ZHES Higher Education Cess (1%)
CST condition Type ZCST CST (1.4 %)
Education and Hcess calculated on Service tax .
Calculation
100*70/100 = 70 ( on 70 %)
Now 2 % on 70 % = 70*2/100 = 1.4
I hope this can be helpful
Regards
Raheem
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Dear Arun,
Create Service tax at 3.708% i.e (30% of 12.36%)
Break up Service Tax -
Server Tax - 3.6%
Service tax Ecess - 0.072%
Service Tax HECes - 0.036%
Create 1.4 % its equal to 70% of 2 %
Let me know any issue
With regards,
Ganesh
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Mr.Ganesh,
As per your state, we have maintained tax code. but while creating error shows define the tax code on level 256.
breakup we had given as follows:
Tax code - 65 - ServTax 12.36% on 30%Value + CST 2% on 70%
A/P CST non ded VAT - 1.400
A/P Eces for Ser Tax - 0.072
A/P SHE for serv tax - 0.036
In your Pricing Procedure have the same Account Key assigned to both CST and Service Tax, so that in FTXP, if you choose the relevant tax code, you can see both the condition type where you can maintain the required percent.
G. Lakshmipathi
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Create a new Tax code in ftxp and maintain the CST
Now in FV11 , Select the key combination as Tax code and maintain the Service tax .
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Create in FTXP for CST .
In FV11 , maintain for the Service tax .
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
User | Count |
---|---|
108 | |
12 | |
11 | |
6 | |
5 | |
4 | |
3 | |
3 | |
3 | |
3 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.