on 04-16-2008 9:00 PM
Hi Experts,
I have a requirement like this. We have created 3 tax codes
I0---- Zero tax
V1---- Vendor charges the tax 10%
U1----Vendor not charges the tax but company pays 10% to Govt.
For U1 tax code ---For PO of 100 USD for a material with 1 Qty means 10% tax on 100
In GR System should update
Inventory Stock A/c---110 USD Dr
GR/IR Account -
110 USD Cr
In MIRO
Vendor account -
100USD Cr
GR/IR clearing -
110 USD Dr
Used tax a/c----
10 USD Cr
For V1 Tax code-- For PO of 100 USD for a material with 1 Qty means 10% tax on 100
In GR the system updates
Inventory stock account---- 100 USD Dr
GR/IR Clearing account --- 100 USD Cr
In MIRO
Vendor account -
110 USD Cr
GR/IR Clearing a/c ---100 USD Dr
Expense/material a/c- 10 USD Dr
I am facing the problem here the system i checked in all ways here that system is not crediting the expense/material a/c if we select the used tax .
I checked in OBCN all the matching but not find the solution
Please check at your end how to achieve this.
Rgds
Swamy
Edited by: Swamy G S on Apr 16, 2008 10:02 PM
Hi Experts,
Please any input on this, Its very urgent.
Please any information on this
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Hi,
Thanks for the reply,
We will putting the tax code in the different line item or will create a New PO for different tax codes.
I checked the deductable & non deductable checkbox in OBCN,
I am getting the result as per my calcuation but the client wants for Tax code V1 the tax amount should goto expense account but right now it is going to Used tax, If i try to change the settings then the amount will goes to expense account but Used tax account will not be updated. I am not able to finding out this.
rgds
Swamy
hi dear,
what I understand is u want 2 tax codes one where u can take the credit & other which is to be expensed out.
for deductible u have to select JP5 in OBCN & for non ded JP6.
futher execute sm30 & enter the following view
J_1IT030K_V. enter the company code & transaction ie Jp5 or jp6.here maintain ur tax code V0 or V1 as the case may be along with business palce & GL account.
hope this solves ur problem.
Regards,
Saurabh
Hii Swamy u r facing a basic problem in tax configuration...
I will tell u the sequence to configure the tax procedure..
1. T.code - OBYZ Create condition types - with Access sequence - MWST
2. Creat account keys T.code - OBCN , which u want to distribute the tax amount to a seperate account or distribute to exp/revenue account i.e
Posting ind. - 2 ( Seperate line item -- seperate account posting )
Posting ind - 3 ( Distribute to relevant exp / revenue account -- means there is no need for account determination )
If u want to select th check box Non - Deductable u can ..but i think it wont work any where..
3.After this using the above the combination i.e condition types and accout keys u have to create tax codes in T.code - FTXP
Ex: Condition type for VAT is J001 (Ex: Input tax condition )
Account key for VAT is 001
New Tax code is V1 ( INPUT tax code ) - in this tax code u have to give tax percentage for the condition type J001 with combination of account key.. here u can create no.of tax codes based on VAT percentages like V1 - VAT-4%
V2 - VAT - 12%
For V2 also u have to give percentage 12% for the above condition type and same procedure as V1
4. T.code - OB40 - Account determination for account keys which u have selected Posting ind. -2 (seperate line item)
No account determination required for - 3 type
For 3 type the tax amount will added to the relevant account whether it is exp / revenue account.
Plsss try the above and if any queries revert to me..
Assign points if it is useful for u..
Regards
Ramki
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