I would like to inform to all that when I use the T.code: FB70 - Customer Invoice,
for e.g.,The amount is 1400.00 and I want to calculate the tax for this amount (5% Output Tax).
The scenario is:
I have selected the calculate tax option in the Docu. Header and also for line item I have selected the relevant tax code (5% Output Tax).
But when I simulate the document, it shows different amount, that is
40 Customer a/c 1400.00
50 Recoverable a/c 1333.33
50 Output Tax a/c 66.67
But this is wrong.
I want to calulate tax for 1400.00 and the tax amount is : 70.00
for this setting, what I have to do?
But if I select tax code only for line item without selecting calculate tax options in the docu.header, it shows a warning message:
"Tax entered incorrect (code O5, amount 0.00), correct 70.00 SGD "
where I have to select the tax code exactly for calculating the amount 70.00 and how much amount should I entered in the doc.header and line item, either 1400 or 1470?
I request you to all, please kindly advise me.
Thanks with regards,