asset sale with assesable value only for excise.

[Former Member]

Dear Experts

We are implementing to Indian client.During asset sales through SD route we have one change in calculation

we have sale price(PR00) and asses able value which is a notional value which is difference between sale price and actual price of asset sold.

but this notional value is only for calculation of excise but not for taxes

eg

base price (PR00)               700

Assesable value ZASV        100

sub total                           800

Excise duty                          96 

cess                                      1.92

e cess                                    0.96

sub total                             898.88

VAT 14.5%  (client requirement)115.83 ( proo+ed+cess+e cess) here VAT  in system130.33 (proo+ZASV+ ed +cess+e cess)

As the same pricing procedure is used for normal domestic sales also.

Please guide me how to address this.

regards

Kiran Nazare.

[Lakshmipathi · Accepted solution]

If your client are into TAXINJ, you can maintain the assessable value in J1ID so that system will calculate ED only for this value and not on PR00.  On the other hand, if your client are into TAXINN, then you need to have one more condition type for assessable value and same needed to be assigned to your pricing procedure.

G. Lakshmipathi

[Former Member]

Hi

Create one more statestical condition which will be copy of PR00. you can place this condition below first subtotal. Then for VAT calculation take value from step of this new condition to step of e cess.

You can maintain condition record as 100% for this new condition, this will copy total value of PR00 only.

So, you VAT will be calculated on 796.88 (700 + 96 + 1.92 + 0.96) * 14.5% = 115.84.

Thanks,

Ritesh Tailor