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Former Member
Jun 14, 2010 at 10:59 AM

Loan Error : Tax code .. does not exist for jurisdiction code

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Dear experts,

Please help me for below issue.

I have created a loan (using FN1V) in loan management. in this loan i have maintained and interest condition. in this interest condition i have maintained tax code - IV. After that when i try to post an interest entry using t.code - FN8D, It is showing me an error as below.

Tax code IV does not exist for jurisdiction code

Message no. FF718

Diagnosis

You have entered tax codes and jurisdiction codes in the G/L account

items. The amounts of these items are used as the tax base to check the

tax amounts you have entered or to determine the taxes. The system has

now determined that one or more of the "tax code / jurisdiction code"

combinations do not exist in Customizing.

System Response

Calculation of the taxes or checking of the taxes entered had to be

terminated.Procedure

Check the tax codes and the jurisdiction codes in the G/L account items

or asset items. If these are correct, inform your system administrator.

Procedure for System Administration

Change the tax jurisdictions you specified in Customizing under

Financial Accounting -> Financial Accounting Global settings -> Tax on

Sales/Purchases -> Basic Settings -> Define Tax Jurisdictions.

To do this, choose Maintain entries (F5).

Please help

Regards

Gaurav Gupta