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Former Member

tax code for capital goods

Hi Gurus,

I want to create a tax code for capital goods which contains

cenvat 50% for current year set off

balance 50% for subsequent year

sales tax on this at 4%.

Can any one pl forward the configuration steps for this tax code.

Useful answer will be assigned with points

Regards

SAP Only

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1 Answer

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    Former Member
    Aug 20, 2007 at 11:42 AM

    Hi

    For capital goods you need not to use dedicated tax code.

    The 50% on hold will be done by system. Only requirement is that, you have to maintain the appropriate excise master data.

    In JI1D, identify the material for the respective plant as "Asset" or "Consumable" or "Tool" and use the same tax code which is used for Raw materials. Thats enough.

    warm regards

    sairam akundi

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    • Former Member

      HI Sairam,

      This is a service oriented company.

      hence there is no excise master data.

      Company has purchased computers and is entitle to cenvat 50%+50%.

      How to cofigure in these circumstances.

      Regards

      SAP Only