cancel
Showing results for 
Search instead for 
Did you mean: 

tax code

Former Member
0 Kudos

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.

Accepted Solutions (0)

Answers (5)

Answers (5)

Former Member
0 Kudos

thanks for the response

Former Member
0 Kudos

Hi,

After creating Tax code, u have to assign the posting keys in ob40.

Pandari

former_member192897
Active Contributor
0 Kudos

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

kunal_ingale
Active Contributor
0 Kudos

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

former_member581212
Active Contributor
0 Kudos

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