Tax Code issue in PO

[Former Member]

Hi,

We have to create a New Tax Code for VAT 18%.

Now, we insert the VAT Amount manually at the time of PO Creation. But it's impact not showing in Invoices. So we need to create new Tax Code.

Please let me know the process of creating Tax Code and assign to pricing etc...

Plz guide..

[former_member329706]

Hi,

Create a New Tax code for Vat conditions in FTXP.Maintain the Conditions records in FV11 for defined key combination.

So that the conditions flow at the time of PO creation and Invoice.

[BijayKumarBarik]

Hi,

VAT will be tax procedure & so you need to maintain tax code in FTXP for VAT & maintain condition record in FV11 with JIPS or

JIPL.

NOTE:Pricing in PO will be combination of pricing procedure and tax procedure( for example: TAXINN), where tax code play a vital role to link in between.

Regards,

Biju K

[Former Member]

We have maintain the new Tax Code for VAT 18 %, but why we need to maintain condition record in FV11 with JIPS.

Another thing is that we want to calculate VAT 18% on ( Price + ED + CESS + TAX ) + ( Entry Tax) for only 1 Region - Karnataka. Now it is calculating only on ( Price + ED + CESS + TAX )....like

PriceEDCessTaxFr.................12000

VAT..................................................2160 (18% on 12000)

Entry tx............................................1000

But we need for 1 Region - Karnataka, like this..

PriceEDCessTaxFr.................12000

Entry tx............................................1000

VAT..................................................2340 (18% on 13000)

How can do it for 1 Region.

Also Please let me know the Pricing Procedure process.

Plz guide..

Edited by: Anil.Sap321 on Jan 29, 2011 10:44 AM

[BijayKumarBarik]

Hi,

If you are sure the ENTRY tax not included or not depends on any value and it is fixed one, You have following options:

Option---1:

If you want to show in the PO print, this ENTRY TAX,then

You can have condition type as ENTRY TAX in pricing procedure and make setting this value should not included NET value of PO & can be entered manually and posted to separate G/L account .Make setting for OBYC to post these value to separate account.

Option---2:

If you do not want to show in the PO print, this ENTRY TAX,then

You can post this ENTRY TAX amount in MIRO posting by activating direct posting to G/L in MIRO, follow the path:

SPRO > Materials Management > Logistics Invoice Verification > Incoming Invoice > Activate Direct Posting to G/L Accounts and Material Accounts > Here Activate "Dir.posting to G/L acct = active" and save.

During MIRO , It will show additional Tab as "GL Account" & you can post to ENTRY TAX amount.

Option---3:

Have thought to keep ENTRY tax in tax procedure as fixed value & for that condition type should be placed with a logic in tax procedure BUT,,,for only ENTRY tax on specific case, you need to configure/reconfigure tax procedure which is not advisable , You can follow option-1 OR option-2

Regards,

Biju K