Tax codes explanation..?

[Former Member]

hI ALL

can any body explain me , what is diffrence between VAT or CST deductible and VAT or CAT non deductible in Any tax codes ..

Pls explain me clearly from basics abt the VAT or CST...

Thanks

sap-mm

[Former Member · Accepted solution]

hi some body giv some input ..

thanks

sap-mm

[Former Member · Accepted solution]

Hello

Regarding VAT and CST what do you need , please clearly tell me

VAT : It may be Deductable or Non Deductable

For some of the items we can availe the credit from Government ie Deductable

Non Deductable means it is adding to the material cost

It will be there in some of the states

CST : In case of CST it is non deductable

Whatever the CST percentile as per the state govt rule the total CST is adding to the material Cost .

Please try to create the condition types accordingly , in case any doubt pls revert back

rgds

Surya

[Former Member · Accepted solution]

hi Mr,Suryaprakash

Thanks for clear reply ..

Can u tel me ,how and were we can exactly find out the materials which are decductavle and non deductable ..

Please exaplin me with some example..

If u have any materials pls forwd me ..

Thanks

sap-mm

[Former Member · Accepted solution]

hi Mr.surya prakash

please give some input for my query

Thanks

sap-mm

[former_member581212 · Accepted solution]

hi,

tax code are maintained at FTXP , this Tax Calculation Procedure TAXINN is Assigned to Country IN(INDIA) in OBBG.

Also Tax code is assigned to Company code in OBCL.

IN FV11 and JMOP condition type assign % for this taxcode...

Hope it helps..

Regards

Priyanka.P

[former_member653171]

Hi

VAT- value added tax is payable at Intra state ( as LST- Local sales tax is Discontinued )

CST - Central sales tax is payable at Inter state i.e. goods moving from one state to other state

as per my knowledge there is no CAT

Regards

Sudha

[former_member581212]

hi,

VAT - In India, VAT has been levied in certain states from April 1, 2005. VAT also replaces other taxes such as, turnover tax, surcharge, additional surcharge.

CST - This is a tax levied on the sale of a product. It is applied on the gross price of goods, inclusive of excise duty.

You can see the exact difference in it by using the below links:

http://help.sap.com/erp2005_ehp_03/helpdata/EN/ce/215c442c0911d4ae1800105a16d13d/frameset.htm

http://help.sap.com/erp2005_ehp_03/helpdata/EN/ce/215c442c0911d4ae1800105a16d13d/frameset.htm

Hope it helps..

Regards

Priyanka.P