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Former Member

Tax Code Problem for Capital Purchase

Hi All,

I have one Tax Code of Excise + CST@2% in which I inventories / capitalise the CST portion.

When I use this tax code for normal inventory item , it works fine but when I use it for Fixed asset item, it post the CST portion to Sundry round off GL account.

About tax code - Excise + CST@2% , CST is 100 % Non-deductible.

Please explain me the reasons.

Regards,

abhishek

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3 Answers

  • Best Answer
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    Former Member
    Oct 07, 2008 at 06:50 AM

    Raise this issue to SAP in service market place as consulting.

    Jeyakanthan

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    Former Member
    Oct 03, 2008 at 07:08 AM

    Generally there will be no Credit for CST paid.

    Jeyakanthan

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    Former Member
    Oct 03, 2008 at 06:19 AM
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    • Former Member

      Hi Jaya,

      I have problem related to CST not excise. As I dont get any credit of CST paid on Capital purchase, I need to capitalize that amount of CST tax to Capital asset purchased.

      Regards,

      Abhishek