Entry tax

[Former Member]

Hi

For calculation of entry we need actual landed price of the material (basic price +duties + freight)

But in some cases vendor will be sending credit memo for some value

For E.g landed price 1=1000 and credit memo =100

Now we have to pay entry tax on 900 only but it is possible only after invoice

How to get actual amount for entry tax calculation in such cases

If we have entry tax condition in pricing

Please provide some suggestions

Thanks

[Former Member]

Linked in Pricing procedure

[Former Member]

Hi

If you maintain Entry tax in pricing procedure similer to Octroi

and Put this value Mannually in PO

Try .......

Vivek

[Former Member]

Dear sachin ,

Is this the Import procurement case ?

please clear .

regards,

SNB

[Former Member]

This is entry tax apllicable in Rajasthan

for all the material coming from out of Rajasthan for Discouraging procurement of material out if Rajasthan (Self Assessment TAX)

also apllicable for import material

Rate of tax is different for different materials

thanks

[Former Member]

if u come to know the credit memo value at the time of GR then It is better to amend the PO before GR.

if not then it is actualy ur gain.

simply overwrite the amount to 900 from 1000 then 100 will be going to ue gain account.

if this is not acceptable to the users then use subsequent Debit option at the time of MIRO

regards,

SNB

Edited by: SNB on Sep 23, 2008 1:41 PM

[kunal_ingale]

hi

u have done gr of 1000

then u can activate the direct gl posting for miro

then in miro u will get the gl acct tab after pr ref tab

here u can credit or dedit the required amount rs 100 directly to the gl acct and accordingly u can adjust ur tax accta lso

for activating direct gl posting

spro>mm>log inv verification>incoming invoice >activate direct post

regards

kunal