on 06-17-2008 10:47 AM
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
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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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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