Tax code in TAXINN

[Former Member]

Hi All,

My question is that why do we use tax codes along with TAXINN procedure where as it is condition based procedure. I mean are we using it just for the maintenanc of condition record purpose of tax only or there is some other reason also why SAP is allowing TAX codes in TAXINN.

Responses appreciate

[former_member187989]

Probably tax codes may be used for central / local sales tax condition types,for different g/l accounts hits

for each tax codes(VAT,CST).Check account key MWS in OB40.

[former_member217082]

Hi

We use tax codes against each country and we have to make sure that tax code exists in that tax procedure (Ex : TAXINN) also then it will pick the tax percentage for that country in the Accounting Documents and Financial Documents

Thanks and Regards

Srinath

[Former Member]

hi,

FTXP against country you will be maintaining TAX CODES.

the purpose is to maintain the tax codes for VAT condition records but not excise duties.

excise duties flows from simple condition records.

if you go to accounting document the G/L postings also takes place against the relevant tax codes.

balajia

[Former Member]

hi,

go to accounting document the G/L postings also takes place against the relevant tax codes.

that means, in G/L accounts - in control data - you will be filling - TAX CATEGORY either it's an OUTPUT taxes or INPUT or ALL TAXES.

so where the G/L accounts go and post the relevant taxcodes also go with it and get posted.

either its a TRADING & P & L ACCOUNT & BALANCE SHEET also.

happy new year 2011

balajia