on 03-13-2012 11:08 AM
Hi SAP Experts,
Greetings to all...
I wanted to know how to configure the VAT in the system. I know that we are not supposed to ask basic questions over here but from the past few days I have serached in sdn and couldnt find any doc that will help me to configure the vat in the system.
Thanking you in advance,
Regards,
UK.
Hi,Read SAp Note:- 822347
ymptom
Tax configuration for condition based tax procedure - TAXINN
Other terms
VAT, CIN,TAXINN, Tax Procedure, Tax Conditions
Reason and Prerequisites
Legal Change
The customers who have already made the relevant changes for VAT 2003
would only have to make the changes accordingly.
Solution
For VAT 2005, SAP recommends all customers to look into this note only.
Initial Settings:
Glossary
Overview
A Set of New Tax condition types have been introduced for Purchase and Sales Process. These new condition types should be used from 1st of April 2005.
JVCS: A/P CST Non Deductible under VAT
JVRD: A/P VAT RM Deductible
JVRN: A/P VAT RM Non Deductible
JVCD: A/P VAT CG Deductible
JVCN: A/P VAT CG Non Deductible
Note: Certain settings have to be available on the production system when you start the transaction for the Tax Year 2005. Those settings are highlighted with "TY2005" and you should capture these in separate request.
Configuration Steps:
IMG - Financial Accounting - Financial Accounting Global Settings - Tax on Sales/Purchases - Basic Settings- Check Calculation Procedure - Define Condition Types (OBQ1)
Maintain Condition Category as 'D'-"Tax.
Maintain the Access sequence as 'JST1'.
Maintain Condition Category as 'D'-"Tax".Ensure the Access sequence "JST1"
Maintain Condition Category as 'D'-"Tax".Ensure the Access sequence
"JST1"
Maintain Condition Category as 'D'-"Tax".Ensure the Access sequence
"JST1"
Maintain Condition Category as 'D'-"Tax".Ensure the Access sequence
"JST1"
Note: Ensure that all the existing Condition Types used in Tax procedure TAXINN have the following attributes. These settings are required to work without any Jurisdiction Code. These changes are applicable from 1st April 2005. This is over and above the new condition types created. "TY2005"
Access Sequence : JST1
Condition Category : D
IMG > Financial Accounting > Financial Accounting Global Settings > Tax on Sales/Purchases > Basic Settings > Check and Change Settings for Tax Processing (OBCN)
Akey Description Tax Type Non Deduct Posting Ind
IMG > Financial Accounting > General Ledger Accounting > G/L Accounts Master Records > G/L Account Creation and Processing > Edit G/L Account (Individual Processing) > Edit G/L Account Centrally (FS00)
For SAP R/3 4.0B: IMG > Financial Accounting > General Ledger Accounting > G/L Accounts Master Data > G/L Account Creation > One Step Manual/Automatic (Alternative 3) > Alternative Methods to Create GL Accounts > Create GL Account Manually (FS01)
Create new Tax G/L Accounts for all new Tax transaction keys created above.
IMG > Financial Accounting > Financial Accounting Global Settings > Tax on Sales/Purchases > Posting > Define Tax Accounts (OB40)
Assign appropriate G/L Accounts to the Transaction keys.
Note:The changes to the tax procedure would be applicable from 1st April 2005.
IMG > Financial Accounting > Financial Accounting Global Settings > Tax on Sales/Purchases > Basic Settings > Check Calculation Procedure > Define Procedure (OBQ3)
JVRD - JP5 (ST setoff - India)
JVRN - JP6 (ST inventory - India)
JVCD - JP7 (ST setoff - India)
JVCN - JP8 (ST inventory - India)
New Pricing Conditions in SD.
JIVP: A/R VAT Payable
JIVC: A/R CST Payable
IMG > Sales and Distribution > Basic Functions > Pricing > Pricing Control > Maintain Condition Types (V/06)
Create Condition Type JIVP: A/R VAT Payable as a Copy of JLST & Maintainthe same attribute as in JLST.
Create Condition Type JIVC: A/R CST Payable under VAT as a Copy of JLST & Maintain the same attribute as in JLST.
IMG > Financial Accounting > Financial Accounting Global Settings > Tax on Sales/Purchases > Basic Settings > Check and Change Settings for Tax Processing (OBCN)
Akey Description Tax Type Non Deduct Posting Ind
IMG > Financial Accounting > General Ledger Accounting > G/L Accounts Master Records > G/L Account Creation and Processing > Edit G/L Account (Individual Processing) > Edit G/L Account Centrally (FS00)
For SAP R/3 4.0B: IMG > Financial Accounting > General Ledger Accounting> G/L Accounts Master Data > G/L Account Creation > One Step Manual/Automatic (Alternative 3) > Alternative Methods to Create GL Accounts > Create GL Account Manually (FS01)
Create new Tax G/L Accounts for all new Tax transaction keys created above.
IMG > Financial Accounting > Financial Accounting Global Settings > Tax on Sales/Purchases > Posting > Define Tax Accounts (OB40)
Assign appropriate G/L Accounts to the Transaction keys.
Change SD Pricing Procedure(s): Applicable from 1st April 2005
IMG > Sales and Distribution > Basic Functions > Pricing > Pricing Control > Define and assign Pricing Procedure > Maintain Pricing Procedure (V/08)
Select the relevant SD Procedure. Add JIVP, JIVC after JLST.
Regards
Kailas Ugale
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Hi,
Concept behind VAT: VAT which is a sale tax behave differently as per business where some time VAT added inventory account (we can say as non-deductable) and other side VAT can be used for Set-Off or Receivable (We can say as Deductable).
You can have two VAT condition types namely as ZVIN (VAT inventoried) & ZVST( VAT Set-Off). Assign NVV key to condition type ZVIN and assign ZTV key {create an accounting key ZTV in t.code: OBCN and keep Posting indic. 2 } to condition type ZVST in tax procedure in OBYZ t.code and assign to G/L account (VAT receivable) to ZTV accounting key in t.code: OB40.
You should have two separate tax codes(FTXP), one as VI (for VAT inventoried) and another one VS(VAT Set-Off) .Maintain condition record in t.code: FV11 with condition types ZVIN for tax code VI and maintain tax rate and with condition types ZVST for tax code VS and maintain tax rate.
Do transactions for each tax code for creating PO, GR and finally do invoice, you will have difference on accounting entries in each case.
NOTE:
VAT which are inventoried will affect in MIGO transaction adding VAT amount to Inventory Account and VAT which are Set-Off, it will affect in MIRO transaction by having VAT amount posted to separate G/L account other then G/L for vendor, GR/IR, excise G/L(if there).
Regards,
Biju K
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
hi
vat maintain at different level , what is your tax calculation procedure , taxinj or taxinn
in taxinj , you maintain at formula based it is fixed at ftxp and ftxa, and also maintain condition records for customer tax of UTXJ Based on customer requirement , check the ovk1, ovk2, ovk3,ovk4 ,
this all tax related ,
taxinn maintain the condition for each types , it is a condition based , so you maintain records at FV11, fv11,
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
Hi,
In OBYZ we will create the condition type and include the same in the taxxinn procedure and in SPRO-LG-Tax on Goods Mvt- India- Basic Settings-Determination of Excise Duty-main defaults
Also --> Condition-Based Excise Determination - Classify conditins (maintain your condition as VAT)
In easy access in FV11 maintain your VAT % against the tax code created
Regards
Ayyallas
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
User | Count |
---|---|
85 | |
7 | |
6 | |
4 | |
3 | |
3 | |
3 | |
3 | |
3 | |
2 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.