Skip to Content
avatar image
Former Member

Tax determination in PO's

Dear Friends,

May i ask you to kindly help me to understand the standard process for determining taxes in the Purchase Orders and where can we find the class in the condition type by which the taxes will be populated automatically into the PO's

Appreciate a short documentation if any could be shared on this sub.

Regards,

RKP

Add comment
10|10000 characters needed characters exceeded

  • Get RSS Feed

2 Answers

  • Best Answer
    avatar image
    Former Member
    Jun 28, 2010 at 06:56 AM

    HI,

    1) Using T-code FTXP - Maintain Tax Code to be created and its description to be changed accordingly your tax structure then

    2) Using T-code FV11 - Create Condition. In this t-code we have to create tax condition and give inputs tax code,percentage and SAVE.

    After that, using t-code ME21N - Create Purchase Order item detail menu and the Invoice TAB, tax code field showing tax code with description as follows.

    Tax Code Tax Description

    A1 ED 10.3% & VAT Exempted

    A2 ED 10.3% & VAT 0%

    A3 ED 10.3% & VAT 1%

    A4 ED 10.3% & VAT 4%

    A5 ED 10.3% & VAT 4%+Gujarat-1%

    A6 ED 10.3% & VAT 5%

    A7 ED 10.3% & VAT 12.5%

    A8 ED 10.3% & VAT 12.5% Addl 1%

    A9 ED 10.3% & VAT 14%

    AA ED 10.3% & VAT 14%, 1% Addl.VAT

    AB ED 10.3% & VAT 14.5%

    AC ED 10.3% & CST 0%

    M1 ED Nil & CST 14% Without Form "C"

    M2 ED Nil & VAT 5 %

    M3 ED Nil & VAT 13.5%

    M4 ED Nil & VAT 14.5%

    M5 ED Nil & VAT 13%

    M6 ED Nil & VAT Exempted

    The above tax code, we have to assign GL in FICO module through consultant.

    Hope, it is useful for you.

    regards,

    K.Rajendran

    Add comment
    10|10000 characters needed characters exceeded

  • avatar image
    Former Member
    Jun 28, 2010 at 06:54 AM

    hi,

    Tax Procedure created in OBYZ.

    Tax G/L assigned in OB40.

    then Tax record created at FTXP.

    Based on the different Tax code maintained at FTXP it will automatically populate in PO.

    SAM

    Add comment
    10|10000 characters needed characters exceeded

    • Former Member Former Member

      Hi,

      In OBQ1 you can find in condition type > details > TAX classification & Tax Category which will determine the difference of TAX & other price.

      SAM