I have created a PO with tax code SS (excise 10% + Cess 2% + SHcess 1% + VAT 5.5%)
Excise , cess and SH cess has to add to material basic value and VAT 5.5% has to post to separate gl while doing invoice verification.
Material price - 15000/-
Excise - 10%
Cess- 2% on 10%
SH cess- 1% on 10%
Total material price is 16545/- (including excise duty)
Vat 5.5% on 16545 is - 909.97
When i do MIGO, system posts following entry-
Stock A/c 16545 Dr.
GR/IR a/c 16545 Cr.
But when doing invoice verification (MIRO)
System posts following entry without taking into account VAT amount:
GR/IR Account 16545/- Dr.
Vendor account 16545/- Cr.
I have assigned tax code in OB40 in VST transaction key.
Please suggest if i have missed out any step.