Skip to Content

Archived discussions are read-only. Learn more about SAP Q&A

Conditions in Pricing Procedure - TAXINN

Dear Experts,

I am new to CIN. Trying to know about CIN.

As per our MM Tax Calculation Procedure TAXINN, here we have two condition types for each condition. For example JMOP - A/P BED percentage. and JMX1 - BED setoff.

It is same for Education Cess Conditions.

While maintaining condition record, Amounts for conditions are maintained like -

JMOP - 14 and JMX1 - 100

i want to know for what purpose these two conditions are maintained and what is their impact for tax calculation ?

Thanks in Advance !

Former Member
replied

JMOP 14% and JMIX 100 means you are paying tax @ 14% and you are eligible for 100% CENVAT credit for that.

Ill give an example:

You purchase a material for material price Rs.1000 @ 14%

ie you are paying Rs.140 as excise.

the total value of the purchase = 1140

u have a total sale of 1500 also @ 14%

so total sale amount (excluding sales tax) = 1500*115%=1725

Cenvat payable=Rs.225

Since JMIX is 100, at the time of setting off the output and input cenvat, u can avail the credit for total rs. 140

ie u have to pay only 225-140 to the authorities.

if JMIX was 50% u had to pay 225-(140*.05).

Hope it is clear now.

0 View this answer in context
Not what you were looking for? View more on this topic or Ask a question