Input & output tax in FV60

[Former Member]

Hi All,

We got Requirement in FV60 payable and recoverable entries should be reflected at a time like credit and debit entries.

Now we are using one taxcode for input and one for output tax. But now for some cases we need Both input & Output in one Taxcode.

if i run tcode: FV60 and input all details and if i click on simulate system should reflect both debit and credit entries.

is it possible in standard process.

if customization required then pls brief.

[jpfriends079]

Amazing, Output tax and input tax in same transaction.

As I know, tax in one transaction can either be relevant for output(sales related) or input(procurement related) and can't be both. Check this with Tax expert.

If you are facing any such buisness process, then kinldy elaborate the business process.

Further, if I'm not mistaken, TCode FV60 is for parking vendor invoice(FI).

And that means it will be relevant for input based tax code for tax computation.

Whereas, FV70 is for Outgoing Invoices based on output based tax code for tax computation.

Therefore, when you create tax code in FTXP for country. the tax type can be either be

- A: Output tax

- V: Input tax

Not both.

[Former Member]

Hi,

Pls any updates

[jignesh_mehta3]

Hello,

Request you to post this Question in FI Forum. Experts there will be in a better position to guide you.

Thanks,

Jignesh Mehta