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

HI, SAP GURUS,

hi,

HI,

SAP GURUS,

BASIC DIFFERENCE BETWEEN

FACTORY SALES WHAT % OF TAX WILL YOU CALCULATE

DEPOT SALES WHAT % OF TAX WILL YOU CALCULATE

STOCK TRANSFER SALES WHAT % OF TAX WILL U CALCUALTE

EXPORT SALES WHAT % PF TAX WILL YOU CALCULATE

IN NORMAL SALES OR

SD CIN SALES.

RWGARDS,

BALAJI.T

09990019711.

Add a comment
10|10000 characters needed characters exceeded

Related questions

4 Answers

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Feb 19, 2008 at 06:16 AM

    Hi balaji,

    Before going to put new threds plz close erlier threads with good points, if you got solution..

    Regards

    Durga Prasad

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Feb 19, 2008 at 06:19 AM

    Taxes won't differ between factory and market sales.

    They are dependent upon country, state, city etc. depending upon the location of the sales.

    If sales is in india you might consider factors like central tax state tax and city tax (octroi), if its in European region VAT might be the only tax. so what % is not really the question it might change from time to time and you probably do not know that and trying to learn SAP.

    Go in the market first Learn the basic Business scenario and then ask questions. Its ridiculous to ask such questions on a forum like this.

    Do a favor Don't SAP

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Feb 19, 2008 at 06:48 AM

    I APPRECIATE THE REPLY

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Feb 19, 2008 at 07:05 AM

    Balaji,

    Taxes as you know are levied by the Givernment. Excise duty is levied by the Central Govt. in India and sales tax at the state level. There are different components in excise duty and sales tax and customs duty as well.

    You need to understand exactly where and when they are levied and how.

    E.D is a duty on manufacture. Thats why its also called output tax in most countries. It is applied at the time it leaves the factory gates at the time of delivery. In the olden days most factories use to have a central excise inspector posted near the gates of the factory to check the delivery and issue the excise Invoice. Even now in big factories theya re still there. Liquor is one where it is very tightly controlled this way.

    Now over the years there has been some relaxation. For some items and some sectors you can even move a product to a depot without payment of excise duty. Technically you are supposed to pay it even it if you move it to a depot, But if you have prior permission this is allowed. In such cases e.d is payable when you move the goods out of depot at the time of delivery.

    E.D contans components such as Basic excise duty, Addl ED, Special ED, NCCD, Education Cess etc.

    Similarly with Sales tax. This is paid at the point of sale.

    Customs duty is again paid at the border port when you im[ort the goods.

    For all these there are detailed procedures based on Industry classification and area where the tarriff has been defined. There are some backward areas where there are tax holidays. there are products which enjoy a concessional rate of duty because of certain policy measures.

    It all depends on so many factors ultimately traceable to the Government's Policies.

    The government publishes a central excise manual periodically where it gives the E.D chapter by chapter. Similarly is the case with Customs duty and Sales taxes.

    If you want more info on this please look up www.cbec.gov.in

    Similar is the case with other countries.

    regards

    Jude

    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.