Evaluate the actual Tax Rate for any Tax Code
How to evaluate Tax Rate for Tax Code as sometimes it is comprised of 2-3 rates.
For Ex:- Tax Code is Service, which comprises of 2 codes i.e. service - 12 % and ecess - 2 % on the 12 % of the service i.e. as a whole 12.24%
How to evaluate this 12.24%.
Thanks in advance
Sridharan T replied
I think you should have installed the Demo Database of SAP - 'OEC Computers' (SBODemo_India).
Open Administration -> Setup -> Financials -> Tax -> Tax Codes
Browse First Record here - 'BED+VAT'
This is a combination of BED 16% + Cess 2% + VAT 4%
Also look for 'Service' Tax Code
This is a combination of Service 12% + Cess_ST 2%
From these examples you can learn how to configure Tax Combinations.