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author's profile photo Former Member
Former Member

Tax code accounting

Hi Gurus,

I need to configure the Tax code as per below requirement for my client. Say I have created 2 tax codes V1 & V2

For V1 tax code in PO at invoice tab the system will display

Base amount --100 USD

Input tax -- 8%-- 8 USD

Total -


-


108 USD

But during Invoice Verification my client wants like this

Vendor Account=100 USD (Credit)

GR/IR Account = 100 USD (Debit)

Tax Account = 8 USD (Credit)

Expenses A/c = 8 USD (Debit)

As per his explanation he will not pay the tax amount to Vendor as Vendor is not passing the tax but the client has to pay to Government.

So please explain me is it possible in SAP how can we do it.

rgds

Swamy

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3 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Mar 12, 2008 at 05:20 AM

    Hello gurus,

    Please help me in this issue, If anybody come across like this requirement please share with me.

    Or anybody knows this how to configure please help me.

    waiting for positive reply from your side.

    rgds

    Swamy

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    • Former Member Former Member

      Hi,

      I have done all the Configuration as per the SAP note 778976,

      But it is not deducting the Vendor account it is still adding up to the Vendor account.

      I tried in all ways, but still not able to find out. So how to avoid that the tax amount should not be added to Vendor account. Is there is any settings is there. Please send me information.

      rgds

      Swamy

  • author's profile photo Former Member
    Former Member
    Posted on Mar 12, 2008 at 05:36 AM

    Hi,

    If you are taking the credit of that 8% then you have to maintain a new condition as a deductible.

    Maintain it in CIN pricing procedure with accounting key as deductible(OBCN).

    Then maintain condition record for this.

    Try this on dev server.

    Regards,

    Piyush

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  • author's profile photo Former Member
    Former Member
    Posted on Mar 20, 2008 at 11:04 PM

    I got the solution from FI Consultant, so thanks for contributions

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