Assignment of G/L to TAX Code (OB40)

[former_member224763]

Hello all,

There is requirement of auomatic posting as per Tax code.

There are different G/L accounts for Different Tax Codes.

Under OB40 is have selected Transation for Setvice Tax. In that there is only one account assignment & i can not make any other account assignment.

When i clicked on Rules i have seen that Account Determination as per Tax Code was not selected.

What should i do. If i selected " Account Determination as per Tax Code" system generates transport request.

Can tell me whether should i select this option if yes what are its effect. or there is any other option for it.

Regards

Kaushik

[dominic_holdstock]

Hi,

    There is a potentially serious effect. You are switching from assignment via Acc.Key to Acc.Key+ Tax Code.  You will have to ensure that you maintain G/L accounts for all Tax codes that use that Acc.Key

The Acc.Key is an independant object,so it is possible that the same Key is used in multiple countries.

Also the assignment is per Tax code indepentant of the tax calculation scheme.

It is therefore possible that in 2 different countries you have the same tax code + acc key combination, but the requirement to use different G/Ls, which is not possible. (In this case you need to change one of the calculation schemes to use a different acc.key).

Kind regards

[former_member188028]

There won't be any effect.

earlier by default only one GL for tax postings, now if you activate tax code, system asks you to enter tax code wise GL account, so specify the same gl for all tax codes.

It'll generate a TR which can be transported to PRD client.

[Former Member]

Click on Transaction of Service Tax > Enter Chart of Account for example "XXXX" Press Enter > click on Rule Button > Put Tick on Tax Code (Key to define different Account determination for Tax Code)> Posting Key Debit 40 & Credit 50 > Click on Account Button  and Maintain Tax code and GL Account.

[narasimhulu_konnipati]

Yes dear, System will generate a TR when you are doing it for the first time and in DEV - Config client.

OB40 - Tra.Key -> Rule

You need to check the box "Tax code"  Accounts are determined based on Tax code.

So you can assign the GL Account based on Tax code. See the below example

0I	154005
0S	154005
1A	154005
1B	154005
1C	154005

Thanks

[vivek_srivastava12]

Dear,

In OB40 you can click on Service Tax key and click on Properties or Posting Rule, there you will see Tax Code check box click on that ans save the screen, it will allow you to assign GL Account based on Tax Code.

Hope this helps!!!

Br,Vivek