Skip to Content
author's profile photo Former Member
Former Member

Taxes calaculated using CIN

Hi Gurus,

what are the different types of taxes calaculated using CIN and the different registers used in CIN.

Can somebody provide me the description of each tax calaculated using CIN and the Registers?

Regards,

Ajit

Add a comment
10|10000 characters needed characters exceeded

Related questions

2 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Jan 28, 2008 at 06:54 AM

    Hi,

    For CIN the types of taxes will be in generic is as defined below:

    a) Excise Duty - 16% of the Sale vale

    b) Cess Tax - 2 % of the Excise Duty

    c) CST - Central Sales tax - 4 % of the taxable value (Sale value + Excise duty + Cess Tax)

    d) LST - Local Sales Tax - 5 % of the taxable value (Sale value + Excise duty + Cess Tax)

    e) Surcharge - 12% of LST

    point d) & e) will not come in case of point c). Similarly point c) will not come in ase of d) and e).

    f) VAT of 12% tax will be applicable accordingly as per the state

    g) Total Gross invoice value will be sum of all the above.

    For each of the above taxes, standard SAP has defined condition types like JIN1, JIN2, JIN4 etc, which can be included in your pricing procedure accordingly.

    Regards,

    JLN

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Jan 28, 2008 at 07:00 AM

    Ajit,

    These are the Taxes we can Calculated based on the CIN configuration

    1. Excise duty (BED or SED or AED)

    2. Local sales Tax (LST).

    3. Central sales Tax (CST)

    4. Education Cess.

    These are registers related CIN configuration

    1.RG23-1C --- This related to Capital goods Value

    2.RG23-2C --- In this register Capital goods Qty will be mailtained.

    3.RG23-1A --- In this register Raw material value will be mailtained.

    4.RG23-2A --- In this register Raw material Qty will be mailtained.

    5.RG23-D --- In this register Finished product details will be maintained.

    I hope it will help you

    Thanks,

    Murali.

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.