TCS scrap sale - 1 rs difference

[former_member605388]

Hi,

While posting scrap sale following TCS entries posed in system.

TCS Scrap-Offset - G/L 1000 - 353.00 - from tax code transaction JTS

TCS Scrap-Offset - G/L 1000 - 352.00 - from transaction WIT (with holding)

TCS Payable on Scrap Sales 206 - G/L 2000 - 352.00 -Transaction OFF (Withholding)

I am not sure why 1 rs approx difference is comming for many entries. Pls suggest.

Thanks,

Vishal

[Former Member]

Hi,

Refer the note :

1618715 .

In the note, please go through the solution part.

It says "Here maintain the percentage as 99.01% in case of 1% TCS rate to make

tax calculation more accurate for large amount of invoice.

If you are using some other TCS tax rate then use the formula below to

calculate Percentage subjected to tax in FI module :

Percentage Subjected to tax =(100 * 100)/(100+ TCs tax rate applicable)

For example if your TCS tax rate is 10% then percentage subjected to tax

in FI tax code should be maintained as:

(100*100)/(100+10) = 90.91% . "

Kindly follow the same.

Your issue should be resolved.

Regards,

Anushya

[narasimhulu_konnipati]

Mate.....see if the Arithmetic Rounding option selected at Tax code level.

Go through SPRO and find the option

Thanks

[former_member605388]

For withholding tax I activated rounding off rule (in QTY client) but that testing also failed. For tax on sale purchase I am not sure is there any option there in SAP or not. Pls suggest.

Thanks,

Vishal

[narasimhulu_konnipati]

Check it in Condition type.....

FTXP - Input country - Enter - Input tax code - Enter

Menubar -> Environment -> Calculation procedure

Select the Condition type and click on Tick mark

Now select the Scrap sales Condition tyep and check the Rounding option ticked r not

Thanks

[brinda_r]

Hi,

For the tax type tax code combination- percentage subject to tax should be maintained as 99.01%.

Do the same and check for a new case.

Regards,

Brinda