Tax code

[Former Member]

Dear Experts,

In our company, we have a offer with vendor. so that following tax should be in one tax code. how do we create?

1. CST @ 2% on 70% value
2. Service tax at 12.36% on 30% value

[raheem_baksh · Accepted solution]

Dear Arun,

I think you know the process, how to create tax code and Maintain Condition records.

Create tax code as you desire for example (FTXP) - Z1 - ( Service tax 12.36% on 30 % & CST 2% on 70 %)

Now maintain Condition Records-

Example Service tax condition Type  ZSTA - service tax            (3.6 %)

                                                     ZSES  Education Cess     (2%)

                                                     ZHES  Higher Education Cess (1%)

               CST condition Type          ZCST   CST      (1.4 %)

Education and Hcess calculated on Service tax .

Calculation 

100*70/100 = 70 ( on 70 %)

Now 2 % on 70 %  = 70*2/100 = 1.4

I hope this can be helpful

Regards

Raheem

[Former Member · Accepted solution]

kindly give break up.

[raheem_baksh · Accepted solution]

Hi Arun ,

What break do you want ,

Just go to FV11 give condition type (Stax , Ecess and Hcess) and maintain rate for service tax 3.6 %, ecess 2 % and Hcess 1 %

for CST maintain 1.4 %

Regards

raheem

[Former Member · Accepted solution]

we are trying to do in FTXP

In that we need break up. where and how much % we need to give for the above combination Tax code.

[raheem_baksh · Accepted solution]

Hi,

Maintain same rate of  % as mention above .

                                                     ZSTA - service tax            (3.6 %)

                                                     ZSES  Education Cess     (2%)

                                                     ZHES  Higher Education Cess (1%)

               CST condition Type          ZCST   CST      (1.4 %)

Regards

Raheem

[former_member183294]

Dear Arun,

Create Service tax at 3.708% i.e (30% of 12.36%)

Break up Service Tax  -

Server Tax - 3.6%

Service tax Ecess - 0.072%  

Service Tax HECes - 0.036%

1. CST @ 2% on 70% value

Create 1.4 % its equal to 70% of 2 %

Let me know any issue

With regards,

Ganesh

[raheem_baksh]

Hi Ganesh ,

Plz note that Education and Hcess calculated on Service tax, so it should be remain same as 2 %.

Regards

Raheem

[Former Member]

Mr.Ganesh,

As per your state, we have maintained tax code. but while creating error shows define the tax code on level 256.

breakup we had given as follows:

Tax code - 65 - ServTax 12.36% on 30%Value + CST 2% on 70%

A/P CST non ded VAT - 1.400

A/P Eces for Ser Tax - 0.072

A/P SHE for serv tax - 0.036

[former_member183294]

Dear Raheem...

Thank you for information.....

With regards,

Ganesh

[Lakshmipathi]

In your Pricing Procedure have the same Account Key assigned to both CST and Service Tax, so that in FTXP, if you choose the relevant tax code, you can see both the condition type where you can maintain the required percent.

G. Lakshmipathi

[Former Member]

Create  a   new  Tax    code  in ftxp  and  maintain  the  CST

Now  in FV11  ,  Select the key combination as  Tax code  and  maintain  the   Service  tax .

[Former Member]

Create  in  FTXP  for  CST  .

In FV11  , maintain  for  the  Service  tax  .

[Former Member]

we need combined tax code. ie. one tax code.