What is the importance of TAX CODE in TAXINN procedure. in FV11, do i need to maintain all tax codes?.
How many possible tax codes can i have in TAXINN unlike taxinj(Many tax codes)?.
Please suggest some possible Tax codes for TAXINN.
Gregory Mathews replied
First of all in taxinn you can have as many tax codes as u want, there is no restriction.
Since this TAXINN is condition bases tax calculation procedure, we need to maintain the condition records in FV11.
So If we maintain a condition record for a condition type in FV11 with a key combination with tax code, when we create PO and enter the tax code in the invoice tab, the condition values for that tax code will be fetched from the condition records maintained.
Hope it is clear.
Normally we maintain V0 for zero input tax, and A0 for zero output tax.
All other combinations can be made as your requirement with a suitable tax code.