New tax code ..?

[Former Member]

Hi all

Can anybody explain me how to create new tax code and what are configuration i have to do for this.

for example ED 14% + Ecess 2% + SEcess 1%+ CST 3% With Form C.

Thanks

sap-mm

[former_member581212 · Accepted solution]

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.

hope it helps..

Regards

Priyanka.P

[former_member192897]

> ED 14% + Ecess 2% + SEcess 1%+ CST 3% With Form C.

Go to FTXP and Input Taxcode of Two Chars, Country IN and then Enter

In Next Screen Specify the Text as stated above and Select Tax type as Input Tax V and in Next Screen Maintain the Tax Percentage % against the Condition types and save.

Then Go to OB40 Tax Determination and maintain the Tax A/c Determination for the Relevant Account Key & Save........

[former_member529134]

Hello

New tax codes can be created in T.code FTXP.

Actually the value capturing depends on your tax calculation procedure whether TAXINN or TAXINJ.

If your procedure is TAXINN create condition records for the required condition types with tax code combination in FV11.

If it is TAXINJ, maintain the tax percentages against the condition types in the tax code at the time of creation.

While creation the tax code, give the tax category as input/potput/any tax type allowed.

Regards

Gregory Mathews

[Former Member]

hi

If using Taxinn

1.Tcode Ftxp, create a tax code. and save.

2.Then assign tax code to company code

3.create Condition record for each condition type using FV11.

If using Taxinj

Then create tax code using FTXP and

assign the appropriate percentage against each condition type.

Regards,

vijay