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Cess as part of invetory in TAX INN for GST implementation

Jun 01, 2017 at 06:53 AM


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Hi all ,

There is a requirement that cess should also part of tax procedure TAX INN in addition to SGST , CGST & IGST on purchase side . No cess is there at present but it is required to meet the requirement if Govt levies cess . Cess will be calculated at 1% on basic price & it is non deductible . it will be part of inventory & not claimable .

So what settings we require in MM & FI so that cess gets calculated & it would be part of inventory cost at the time of GR & IR .

We are using a NVV & it is picking up a price variance GL account for cess , Not able to understand where is the issue .


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1 Answer

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Former Member Jun 01, 2017 at 02:51 PM

SAP has released Notes for CESS (2482200) & Reverse charges(2482349). Kindly check.

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