Tax code creation.

[Former Member]

Hi All,

Kindly explain me step by step all the configurations and assignments with t.codes / path in determining a new new tax code.

Example: My client wants me to create a new tax code to meet his requirement 5% Entry tax + 12.5 % vat.

Pl explain me in detail how to go about.(And also explain me after the creation where and how should i assign.

Regards,

Naveen

[kunal_ingale]

hi

u can create the tax code in FTXP

check the following document

http://sapdocs.info/sap/fico/creating-tax-codes/

regards

kunal

[pardeep_malik]

Hi,

1. First Go to FTXP, create a new Tax code and it should be Input in nature.

2. Go to FV12...maintain % for Tax Conditions, now first decide Wether it is Deductable or Non Deductable in Nature.

Used JVRN for Vat - Non deducatable & JVRD for Dedutable

For VAT, Go to FV12, select JVRN or JVRD as per our requirement .....select Tax Classification.....

maintain the % of the VAT..

For JVRD, Go to OB40, maintain G/L acct for JP5

3. For Entry Tax, you have to create a New Condition(Copy the nearest Tax)...

Go to Tax Procedure(TAXINN), maintain that Condition there. and then go to FV12....maintain % of Tax like VAT

To know About Entry Tax go thorugh this link

http://as.ori.nic.in/salestax/ET/act/eta_frm.htm

Hope Help u !

Regards,

Pardeep Malik

[Former Member]

HI,

TAX CODE are maintained in the transaction code FTXP for the country.

In FTXP maintain a tax code ( for example V0) and in the next screen you can define the Rate percentage per Transaction key such as 12.5% for VAT transaction key.

goto the Transaction code OBYZ and check the PROCEDURE(TAXINN) and maintain the accounting key to the Tax condition type.

Now while processing the document automatically the tax code will be displayed on MIRO.

Please check and let me know if u need further details.

thanks,

santosh

[Former Member]

Hi

Following are the steps to create a new Tax code

1 Go to FTXP and create a Tax code of your choice.No need to maintain any percentages here if You are using TAXINN

2 SPRO-Logisitcs general-Taxes on goods movement -India-Basic settings-Determination of excise duty-Condition based Excise determination-Assign tax code to company code

3 In FV11 maintain Condition record for the Tax Condition type .Here u define the combination of Tax code and their Respective Percentages against a Given condition type

Regards

Sandeep

Edited by: sandeep13 on Oct 28, 2009 10:07 AM