There is a State wise tax rates.
This total tax rate consists of : State tax, City tax, country tax, special purpose district tax.
Below is some sample . I need to configure only Total Tax rate. Pl. let me know, what needs to be done in SAP. Pl. let us know the transaction codes from spro.
Accounting Entry in FI :
Customer Dr 110
Sales Cr 100
Sales tax Payable Cr 10
State Customer Name Client Location State State Tax Rate City City Tax
Rate County County
*Tax Rate Special District SPD Tax Rate Total Tax Rate *
+Arizona American Reliable Insurance Company Scottsdale, AZ AZ 5.60% Scottsdale 1.45% Maricopa 0.00% N/A 0.00% 7.05% +
+ MiniCo, Inc. Phoenix, AZ AZ 5.60% Phoenix 2.00% Maricopa 0.00% N/A 0.00% 7.60% +
+California 1st pmf Los Angeles, CA CA 6.00% Los Angeles 0.00% Los Angeles 1.25% LACT District Tax 1.00% 8.25% +
+ Alliant Sprecialty San Diego, CA CA 6.00% San Diego 0.00% San Diego 1.25% SDTC District Tax 0.50% 7.75% +
+ Cencal San Ramon, CA CA 6.00% San Ramon 0.00% Contra Costa 1.25% BART CTA Distric Tax 1.00% 8.25% +
Edited by: Amitava Majumdar on Dec 9, 2008 6:11 AM