Skip to Content
K P

Assignment of G/L to TAX Code (OB40)

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

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

5 Answers

  • Posted on Apr 24, 2012 at 04:19 AM

    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

    Add a comment
    10|10000 characters needed characters exceeded

  • Posted on Apr 24, 2012 at 04:21 AM

    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

    0I1540050S1540051A1540051B1540051C154005

    Thanks

    Add a comment
    10|10000 characters needed characters exceeded

  • Posted on Apr 24, 2012 at 04:33 AM

    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.

    Add a comment
    10|10000 characters needed characters exceeded

  • Posted on Apr 24, 2012 at 05:32 AM

    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.

    Add a comment
    10|10000 characters needed characters exceeded

  • Posted on Apr 24, 2012 at 04:00 PM

    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

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.