issue with tax codes
hi gurus any help on this????
I have created 4 tax codes for country code CZ , tax code WJ,WK for import tax 19% for goods and service and CJ, CK for output tax 19% for goods and service
When I am trying to post VAT on Imports its giving an error u201CTax entry not possible in this itemu201D
Message no. FF724
You can not enter a tax amount in this item since, due to the posting amount entered and the tax code, a total tax amount of zero has been calculated.
This could either be due to the fact that the tax code has been defined with a value of 0%, or because the posting amount entered (that is, the tax base) is too small.
With a tax rate of 15%, a tax amount greater than zero will only be achieved with a base amount greater than 0.04. With values of 0.03 and less, it is therefore not possible to enter a tax amount.
Only enter tax amounts in conjunction with tax codes for which a percentage rate not equal to zero has been defined. Make sure that in documents with several G/L account items you enter the total tax amount in an item with a sufficiently high posting amount.
In the GL master the tax category is assigned to the gl accounts is > for Output Tax Account and < for Input Tax Account.
Value inputs highly appreciated
Edited by: sunitha reddy on Oct 19, 2008 4:08 PM