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author's profile photo Former Member
Former Member

new excise rate changes

Hi,

As per the new excise rate changes ie, 14 to 10%, i have changed the % in FV12 with valid date. Issue is

when i post GR my old po's, system is taking 10% instead of 14%.. whn i change the posting date before 7/12, it's giving 14%..

If i want to control by doc date instead of posting date, how to carry out??? i did the blw step but its picking 10% only.. pls guide how to take frm doc date??

During MIGO, it calculates excise duty depends on the Document date, if you have ticked the check box in,

SPRO - Finance and Accounting - Tax on Sales/ Purchases - Calculation - Assign Company code to Document date for Tax Determination.

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    author's profile photo Former Member
    Former Member
    Posted on Dec 22, 2008 at 05:27 AM

    Hi,

    As per standard process system will pick 10% as excise rate beacuse you are making GR on todays date. Similarly if vendor has supplied the material after 07/12 then he must charge the excise as 10% only. And if he has supplied the material before 07/12 say 05/12 then you please enter the posting date in GR as 05/12 system will pick as 14%.

    It will be better to use the default settings as this problem will be only for pending GR's.

    Regards,

    Umesh

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  • author's profile photo Former Member
    Former Member
    Posted on Dec 22, 2008 at 05:24 AM

    Hi,

    Usually, excise duty rates are maintained through T-code JIID, in that based on the chapter id, tax rate up to some date is 14% and the same will be copied with different valid date with 10% will solve your problem.

    Regards,

    VB

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