Activating Country version India for specific fiscal years

[former_member529134]

hi guruz,

what is the significance of the 'Activate Country version India for specific fiscal years' option in the SPRO -> Financial Accounting -> Financial accounting Global Settings -> Tax on Sales and purchase -> Basic Settings -> India -> Activate Country version India for specific fiscal years.

[former_member192897]

what is the significance of the 'Activate Country version India for specific fiscal years' option in the SPRO -> Financial Accounting -> Financial accounting Global Settings -> Tax on Sales and purchase -> Basic Settings -> India -> Activate Country version India for specific fiscal years.

In the above activity, you can Specify for which fiscal years you want to activate Country Version India for the accounting interface.

In the table, maintain data as follows:

Comp. (Component): IND

To year: 2999

Active: X

Regards,

Ashok

[former_member529134]

That is in the SAP help documentation.

But what i want to know is the significance of doing that.

And in Materials point of view, which components should be included in that and activated?

[kunal_ingale]

hi

activating the country india version u can work on the taxes allowed in india for the perticualr year ,like excise

now if u dont activate this u willnot allow to use the settings u have done in the CIN part

regards

kunal

[former_member529134]

thanx kunal for ur prompt response.

But whihc are the components to be activated in Materials point of view?

Thanks in advance

[former_member335885]

Hi,

There is nothing like activating the components in MM.

When you assing a tax procedure to country then the this country is applicable for tax calulations according to the legal rules of India.

In purchasing you have the overview of the tax amounts

In Inventory you will capture the excise in terms of quantity before doing GR

before doing invoice uou post the excise values.

Thanks & regards,

Kiran

[former_member529134]

But Kiran, then why is dat activation transaction in SPRO??

[kunal_ingale]

hi

the purpose is to activate the tax calculation procedure for a fiscal year so as it is a customization it is in the SPRO

regards

kunal

[former_member529134]

So i should which transaction and to which year for the proper functioning of the CIN in MM point of view.

[kunal_ingale]

hi

yes u have to

as the mm is integarated with Fi also

regards

kunal

award if helpful