on 09-03-2008 2:38 PM
Hi MM Gurus,
I have to set up Intracompany STO adopting one step procudure. The requirement is during post goods issue at supply plant accounting document should also hit VAT GL accounts apart from Stock accounts. In standard SAP it hits only Stock accounts and Expense/Revenue from Stock transfer account. Please let me know the procedure on how to add VAT tax code in the STO, and how to make the Post goods issue to hit VAT code. Keep in mind that the requirement is the VAT code & GL account for debit entry at supply plant is different and VAT code and GL account for credit entry at receiving plant is different. Could anybody help me in making this accounting entries created, by telling the detailed procedure.
Account Desc Debit/Credit VAT Plant Amount
XXX0 Stock A/C Credit Recv plant 100
XXX1 VAT deduct Credit 8Q Recv plant 19
XXX2 VAT collect Debit FF Suply plant -19
XXX0 Stock A/C Debit Suply plant -100
Thanks.
Muralidharan.
Yes, my question has been answered.
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Hi All,
We could able to capture the VAT of the supply plant during Billing document creation, but not able to capture VAT of receiving plant when we adopt STO process. How incorporate the VAT while receiving material in receiving plant.
Thanks
Muralee.
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Hi,
Generally, when we purchase materials from vendor, we credit vendor account and debit VAT Receivable A/c in MIRO.
So here in this case of STO, consider VAT Receivable A/c is debited in Receiving Plant but Credit will go to which Account?
I think, it will not be possible to map this in SAP standard STO process so better discus with your FI Consultant and pass a JV for VAT Amount in FB50.
VAT Receivable A/c - Dr
VAT Received during STO - Cr (Create this as Dummy A/c and don't include it in Balance Sheet)
Hi Gurus,
Any updates on my question.
Thanks
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