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Former Member
Feb 17, 2011 at 11:59 AM

TCS Accounting Entry coming wrong

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HI All,

We have configured TCS, but Acounting enty is not coming Properly.

we want accouniting as below:>

01 TCS Customer Dr

50 Steel Scrap Cr

50 Steel Scrap Ex Cr

50 Vat collection Cr (If vat applies)

50 TCS Cr

but it is coming wrongly and it is showing the 0 amount for TCS.

01 TCS Customer Dr

50 Steel Scrap Cr

50 Steel Scrap Ex Cr

50 Vat collection Cr (If vat applies)

50 TCS Cr

40 TCS Dr

if i delate the account determination for account key WIT, system is not allowing for billing.

please suggest...

Config as below:

Define TAX key

Recipient Types

Withholding Tax Type

Assign Withholding Tax Type to Company Code

Tax types are

Base

Surcharge

Ecess

Shecess

Tax Types to be assigned with Condition Types maintained in SD

Create the access sequence for withholding tax for TCS in SD u2013

Ensure that condition records are maintained for condition types J1W1,J1W2,J1W3,J1W4

Tax types to be assigned to Tax codes

Set WHT tax rate

Maintain FI configuration GL Account Determination T Key WIT

*Since posting will happen from SD as well as from FI with the TDS code, off-setting concept posting is used for the TCS tax types.*

Same G/L account should be maintained for transaction key WIT based tax line item and the SD-FI condition based tax line item.

Maintain GL Account in VKOA Account Key (TCS, Surcharge, E cess,Shecess,combination)

A different G/L account has to be maintained for the transaction key OFF

The condition types corresponding to TCS will have to be adding to the pricing procedure

The condition types for TCS (J1W1, J1W2 ,J1W3 AND J1W4) are to be defined as statistical in the pricing procedure. The system calculates the values in SD but doesnu2019t post them directly from SD. Posting would take place with the condition type assignment to TCS withholding tax types

We will need to define a new condition type JWST and add this to the pricing procedure to post to the FI. This condition type will be manual and can be manually filled at the time of creation of sales order. This can also be copied from the statistical TCS condition types in the pricing procedure

Assign Tax codes in Customer Master

In VK11 transaction and With holding tax key as T1, T2, T3, T4 in VK11.

Ensure that for condition types JWST etc.. the access sequence

is JDUM and maintain condition category as D. Also ensure that

condition record for 100% exists for JWST.

Regards,

venkat