on 11-25-2016 5:17 AM
What about your rounding settings in OB90?
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Hi,
conclusion:
This derivations works only
if the gl-amounts have been entered first
and
the flag: calculate tax has been set
and
your personal settings (Tr. FB00) are: calculate tax from net amount
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Hi Bhandari ,
Yes , this setting is for NET amount .
my understanding is : Example : 3% tax rate on 100 Rs
Net is 100*3/103??
How does it works , i guess its basis but confused because - we dont maintain the tax on the basis of Net are Base in FTXP .
Thanks
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The calculation of tax is on 100 which is the base amount. If you do not maintain the setting in FB00, system understands that you are entering value inclusive of tax, whereas you are entering the amount as base amount or net amount exclusive of tax
regards
sanil
If that is the case, why are you maintaining the check box for calculating tax. You should not maintain the same. Additionally, enter the tax base amount and tax amount manually in the tax tab of MIRO or FB60. You also need to make sure that you allow tax base to be entered manually. This can be changed for your tax procedure in Table TVAT001.
However, in my opinion and exp, this is not the best way. The best practice is to calculate tax automaticallt based on the percentage specified for the tax code. This ensures uniformity in the reporting and also if there are differences at any point of time, especially in foreign currency invoices, you will never be able to reconcile if you are entering the tax amount and base amount manually.
Regards
Sanil
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