India GST - State Tax - how to book in FB60

[former_member415995]

Dear,

I'm looking for an explanation on how to post a vendor invoice in FI FB60 transaction when local and central tax are applicable.

What I understand from GST rules is that 2 percentages (local and central) are applicable on one base amount.

Posting should result in

C Vendor 113

D Purchase account 100

D Tax account code 1 5

D Tax account code 2 8

What is the best practice for

1) customizing of tax code (2 taxes code or 1 tax code with 2 %) ?

2) posting the invoice in FB60

Thanks for your help

[ankurch]

Hi There,

In FB60, you need to use single tax code with SGST & CGST tax rate with valid condition records, pls proceed and do let us know if you face any issue!

Thanks,

[former_member222241]

Hi,

You need to create CGST and SGST conditions with access sequence Country - Tax code (Table 003) for posting GST tax through FB60.

[former_member415995]

Hi Ankur,

Thanks for your answer.

It is working perfectly indeed, but I wanted to have a confirmation that this was a best practice for indian GST and that it was respecting all the GST other process & tools.

Véronique

[ankurch]

Yes, It will work absolutely fine for other countries also!!

Thanks,