on 09-12-2008 7:43 AM
Dear all
Ours is TAXINJ procedure. If i want to create new tax code In which excise duty 14%,2% and 1% to be added to material cost and CST 2%
If i create tax code in FTXP
What are the condition types to be used and after creation of tax code where it is to be assigned
Please guide me complete steps
In one of the case where i created tax code and used in PO
But, at the time of MIRO, it is giving error like
Error in account determination: table T030K key JOST JI1 VY
Message no. FF709
Diagnosis
In the chart of accounts to be posted to, no accounts are defined for the tax code you used.
Define the accounts to which a tax posting is to be made with the tax code entered in Customizing for taxes on sales/purchases.
thanks for the response
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Hi,
After creating Tax code, u have to assign the posting keys in ob40.
Pandari
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After Creating the Tax code and Maintaining Rates against conditions hru FTXP Please Maintain Tax Account Determination in OB40 Tax Determination for the Specific Account key.
Regards,
Ashok
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hi
go to OB40
then select Ji1
select the chart of acct
specify the acct for the tax code here
regards
kunal
award if helpful
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Create Tax Code in FTXP
Enter T. Code FTXP, Enter Country as IN and then Enter the Tax Code you want to create press Enter
Now enter Description, Tax Type as "V" Input tax and press enter
Now maintain the % against the condition type which you want to use and save.
Then maintain the Tax A/c Determination in OB40 for the relevant A/c Key.
Also check, in Customizing for Financial Accounting, choose Financial Accounting Global Settings -->Tax on Sales/Purchases-> Calculation -->Define Tax Codes for Sales and Purchases.
Regards
Priyanka.P
AWARD IF HELPFULL
Edited by: Priyanka Paltanwale on Sep 12, 2008 8:45 AM
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