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Former Member

tax code

Dear all

Ours is TAXINJ procedure. If i want to create new tax code In which excise duty 14%,2% and 1% to be added to material cost and CST 2%

If i create tax code in FTXP

What are the condition types to be used and after creation of tax code where it is to be assigned

Please guide me complete steps

In one of the case where i created tax code and used in PO

But, at the time of MIRO, it is giving error like

Error in account determination: table T030K key JOST JI1 VY

Message no. FF709

Diagnosis

In the chart of accounts to be posted to, no accounts are defined for the tax code you used.

Define the accounts to which a tax posting is to be made with the tax code entered in Customizing for taxes on sales/purchases.

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5 Answers

  • Sep 12, 2008 at 06:44 AM

    Create Tax Code in FTXP

    Enter T. Code FTXP, Enter Country as IN and then Enter the Tax Code you want to create press Enter

    Now enter Description, Tax Type as "V" Input tax and press enter

    Now maintain the % against the condition type which you want to use and save.

    Then maintain the Tax A/c Determination in OB40 for the relevant A/c Key.

    Also check, in Customizing for Financial Accounting, choose Financial Accounting Global Settings -->Tax on Sales/Purchases-> Calculation -->Define Tax Codes for Sales and Purchases.

    Regards

    Priyanka.P

    AWARD IF HELPFULL

    Edited by: Priyanka Paltanwale on Sep 12, 2008 8:45 AM

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  • Sep 12, 2008 at 06:48 AM

    hi

    go to OB40

    then select Ji1

    select the chart of acct

    specify the acct for the tax code here

    regards

    kunal

    award if helpful

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    Former Member
    Sep 12, 2008 at 06:48 AM

    After Creating the Tax code and Maintaining Rates against conditions hru FTXP Please Maintain Tax Account Determination in OB40 Tax Determination for the Specific Account key.

    Regards,

    Ashok

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    Former Member
    Sep 12, 2008 at 06:53 AM

    Hi,

    After creating Tax code, u have to assign the posting keys in ob40.

    Pandari

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    Former Member
    Sep 12, 2008 at 07:04 AM

    thanks for the response

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