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Applicability of Swachh Bharat Cess in Lease

In RE module We have to made Swachh Bharat Cess applicable. It needs to be accounted for in a separate GL and a separate line item needs to be shown in invoice. But there is no provision to insert second tax code in RE module. One tax code is already used for service tax purposes. How to incorporate second tax code in RE module while create new lease?

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3 Answers

  • Posted on Nov 20, 2015 at 09:25 AM

    Hi Ashu,


    The tax handling occurs in RE-FX using tax types and tax groups that are assigned the relevant valid tax code over time. The contracts and the contract conditions contain only the tax type and tax group. Therefore, you do not have to make changes to the contract conditions if tax applicable as per standard configuration. You must only ensure that the cash flow is updated after the tax code is changed.


    After you have defined the new tax data, you have to regenerate the cash flow. To do this, execute transaction RECDCGOL for all contracts in the company codes affected by the tax change. Note that the "Force regeneration" indicator must be set.


    Configure new tax code in SPRO in existing tax group

    1. RECACUST->Flexible Real Estate Management (RE-FX)->Accounting->Integration FI-GL, FI-AR, FI- AP->Taxes->Assign Tax Codes


    Assign new tax code which is created by FI team for 14.5% with tax group in time dependent.

    New Tax code assign with tax group (FULL01) wef 15.11.2015

    2. RECACUST->Flexible Real Estate Management (RE-FX)->Accounting->Integration FI-GL, FI-AR, FI-AP->Taxes->Assign Tax Code (for FI Document)

    once you had complete this, you will see that in contract new rate automatically calculate for all contract @14.5%.


    Please revert with tax config snap shot if issue still persists.


    Regards

    Sudhir



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  • Posted on Nov 17, 2015 at 11:08 AM

    hi,

    you need to create a new condition type for swachh bharat cess and need to define a new account key in your PP. subsequently you need to involves you FI consultant to do the need full setting in FI and create a new tax code for the same.

    Thanks

    SS

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 27, 2015 at 07:15 AM

    Issue has been finally resolved. Thanks for all for their valuable feedback and suggestions.

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    • Former Member Former Member

      Sorry, I saw the message late. The steps are as under;

      OBYZ Created New Condition Type

      OBCN Created A/c Key with tax type 1 & Posting indicator 2

      FS00 Created new GL

      OBYZ Modified Tax Procedure TAXINJ to include newly created Condition with A/C Key

      OB40 Configured Accounting Maintenance. Automatic Posting

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