Entry Tax in PO to be posted in separate G/L in GR

[Former Member]

Hallo Experts,

West Bengal State Govt in India has introduced entry tax on the material coming into West Bengal State from outside. Entry tax to be calculated as 1% on the final PO line item amount. Final amount includes evrything like discount, excise, VAT, any other taxes, freight. This entry tax is to be captured at the time of GR. This entry tax amount NOT to be posted to inventory account but it is to be posted to separate G/L account. Also it is not to be paid to Vendor but to West Bengal Govt at month end.

I have created new pricing condition type with Cond Category as Delivery Cost and inserted in pricing procedure at bottom. In M/06, accral indicator is selected. In pricing procedure, accounting and accrual key is given. OBYC done for accrual and accnt key.

But when GR posted w.r.t. PO, Entry tax amount is posted to Inventory and not posted to separate G/L account.

How to post it to the separate G/L while GR posting?

e.g Requirement is as below,

PO quantity 50 and price 100. Entry tax is 1% of 5000 = 50.

After GR posting, 5000 debit to Inventory and 50 debit to separate G/L for Entry Tax.

[Former Member]

Can you provide the screen shot of accounting entries? It will be easy for us to analyze.

[Former Member]

Hi Suman,

It's not implemented yet. We need to implement it, so looking for solution.

Is there any way to post the Entry Tax charges to separate G/L account and not to inventory?

[Former Member]

Create a new condition with Z using M/06  & assign same to your pricing procedure M/08 with accounting key (to hit separate G/L account).

For e.g:

ZEXC - tax amount:

Control data:

Conditiion class A Discount & Surcharge           Plus/Minus A Positive

Cal type            A Percentage

Rounding rule        Commercial

Changes can be made:

Item conditions X

Delete              X

Amt/perta         X

Control data 2:

Accurals          X