TAX

[Former Member]

Can some one guide me how to configure tax and test it as well.

I will assign points for sure.

please need your help.

[sridevi_p · Accepted solution]

Hi,

WHT has 2 types – a. Accrual basis b. Payment Basis

Path: IMG – FA-Fin GS – WHT-Extended WHT

1. Basic Settings

a. Check WHT countries: Check ur country

b. Calculation

i. Withholding tax type – Define WHT type for invoice posting: Give ur country, tax type, Base Amt – Select Gross amount à Save

ii. WHT Type – Define WHT for payment posting – Similar to 1bi

iii. WHT Code - Country, WHT type, Base Amoutn: 100%, Post Indicator: 1: Std posting, Calculate: WHT Rate: Give ur tax rate. Similarly do for payment posting

c. Define formula for calculating WHT-Give basic details and enter other details by double clicking ‘Formula for calculating WHT’. Do for both Accrual and payment

d. Company code – Assign WHT to cocode – Do for both payment and accrual

e. Activate Extended WHT

2. Posting: Accoutns for WHT – Define accouts for WHT – Give chart of acct – Select WHT code and Type. Give the type and code of both accrual n opayment

3. IMG-Logistics General – Tax on Goods movement – India – basic settings – Maintain Cocd settings – Give first month and save

4. Attach the WHT to Vendor Master (FK02 – change; FKO1 –Create) – Select WHT; Tax type: Either payment/accrual; Select Liable and save

5. Try posting entry thru F-43 and enter the WHT. Document àSimulate

Regards,

Sridevi

Assign points, as promised </b>

[Former Member]

Hello

This is a detailed topic.

Check this link

http://help.sap.com/saphelp_erp2005vp/helpdata/en/e5/077d5c4acd11d182b90000e829fbfe/frameset.htm

Reg

*assign points if useful