on 09-11-2008 9:26 AM
Dear all
while procuring material from local vendor
we generally use tax code ,ED 1421 and 12.5%CST.
but,If this local vendor imports the same materil and supplies to us, he is claiming 4% additional tax as material is imported (rare case but practically facing problem)
so, if i want to get ED 1421 and 4% addl duty, need i create new tax code? for the same local vendor
Otherwise, while doing MIRO, vendor invoice amount equal to that 4% addl duty is differing
Please guide me
thanks for the response
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Hai,
1.Create a new tax codes consists of BED + AED + ECS + SECS by FTXP.
2.If it is TAX INN procedure, then maintain the condition records for all condition types.
3.USe this in PO & let it be flow form PO.
4.Then In SPRO - IMG - Logisics genral - Tax on goods & movements - India - Basic settings - Determination of excise duty - Maintain excise defaults. Here maintain this AED in A/P AED Condition type cloumn.
5.SPRO - IMG - Logisics genral - Tax on goods & movements - India - Acct determination - Specify Excise accts per excise transaction. Here maintain the Dr/Cr indicator for ETT - GRPO with subtransaction type IP.
6.SPRO - IMG - Logisics genral - Tax on goods & movements - India - Acct determination - Specify GLaccts per excise transaction. Here maintain the GL accts for ETT GRPO for the Company code , Char to accts & subtransaction type IP.
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