Tax code to calculate CST on Service Tax

[Former Member]

Hi Experts,

I need one tax code for the following invoice:

Basic Price = 5,50,000

Service Tax 14% = 77,000

CST 5% on 5,50,000 + 77,000 = 31350

Total Value = 658350

Its very urgent.

Regards

Ajay Goel

[former_member191939]

Hi Ajay,

Configuration for Tax Code steps are as follows,

1.  Maintain the Tax Procedure   OBQ1

2. Maintain the Tax Processing in Accounting   OBCN

3.Change View of procedure & go to control  OBQ3

4. Maintain the Tax Code  FTXP

5. Changing in GL Master for assign TAX Code  FS00

6. GL assign to Maintain Configuration for automatic posting  OB40

7. Make your posting with Tax Code.

If you need any more clarification then please feel free to ask.

Regards

Eugene

[Former Member]

Thanks Ranu, my problem has been resolved.