on 06-04-2011 7:16 AM
Hi,
I am creating a taxcode for CENVAT+CST. I have the combination like this:
BED=10% on Total
Cess 2% on BED
HSCess 1% on BED
CST 2% ON Total+ BED Taxamount.
In the righthand top of the tax definition window the taxrate is showing as 15%.(1021+2 CST).
But actually it shoulbe 12.3%.In the documents the tax amounts are showing correctly.Can you explain this 15%?
Regards,
S.G.Sekar
Hi S.G.Sekar....
There is no difference between what SAP is showing and what is your concept of Tax Rates.
Both are same from Calculation Point of view.
Generally tax person says 10.3 as Excise which includes 1021......
Basically the concept is on BED 10 % 2cess and 1 HSCess is being calculated which is nothing but 10.3 where 10 is for BED ans 3 is for 2+3
But in SAP terms it is 1021 and CST 2 means total 15....
Both way it is correct that is why the calculation is coming perfect......
So dont worry it is all OK......
Regards,
Rahul
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Hi Sekar ,
SAP Show the Total Sum of All the Tax rates are used . . i.e it shows 15 %
It does not show the effective Tax Rate i.e 12.3 %
If your tax code and their Formula is defined correctly , then
you no need to worry .
The transaction will be according to your Formula.
Thanks
--
Ashish
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