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author's profile photo Former Member
Former Member

vat

hi all

i have to configure vat

one vat is 12.5%

another vat is 4%

so which is deductible tax and which is non deductible tax

and what is the conditition type for both

and also tell me about lux tax and what is condition type is taken for this tax. is it deductiable or nondeductible.best points will be rewarded.thanks

rakesh

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2 Answers

  • Best Answer
    Posted on Jun 17, 2008 at 09:59 AM

    Use following condition types;

    JIP5 A/P CST Non deductib

    JIP6 A/P VAT RM Deductibl

    JIP7 A/P VAT RM Non-Deduc

    JIP8 A/P VAT CG Deductibl

    JIP9 A/P VAT CG Non-Deduc

    Also refere SAP Note 821826 and 818732

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 17, 2008 at 11:17 AM

    different rates of VAT depends on the material u are procuring and it is not directly related to deductible or non-deductible.

    First of all u have to configure one condition type for VAT and include the same in TAXINN. Then u maintain condition record for plant/vendor/material combination for this condition type. If vat applicable is 12.5 %, u will maintain 12.5 % hereh. If it is 4% u will maintain the same.

    REgarding non-deductible tax u have to configure a separate VAT condition type for this and assign "NVV" against this condition type

    hope this resolves ur issue

    do not forget to award points if found useful

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