Tax account posting

[Former Member]

Hi all,

I have created a PO:

PO base amount = Rs.100/-

tax 4% = Rs.4/-

total (base + tax amount) = Rs.104/-

after invoice verification:

vendor account = posting key-31, Rs.104(-)

GR/IR clearing A/c = posting key-86, Rs.100(+)

Tax (4%) = posting key-40, Rs. 4(+)

my requirement is after invoice verification:

vendor account = Rs.100(-)

GR/IR clearing A/c = Rs.104(+)

Tax 4% = Rs.4(-)

as i have to pay Rs. 100/- to vendor and Rs.4/- should be posted to tax account.

i dont know where i have went wrong,,, anyone plz help me, its urgent.

regards,

urendra

[former_member218067]

Hi,

You want non dudctible tax that means tax to be loaded on inventory

in that case you will have to assign NVV non deductible account key

for that Tax condition in Tax procedure OBQ3

Plase check the account for that key in OB40 is correct

Please carry out the changes in consultation with FI

this will be applicable for this condition for all materials

BR

Diwakar

reward if useful

[Former Member]

Hi,

if i have assigned NVV (non deductable to that condition) that tax amount = Rs.4/- is not catered in another tax account.

my requirement is after invoice verification:

vendor account = Rs.100(-)

GR/IR clearing A/c = Rs.104(+)

Tax A/c = Rs.4(-)

as i have to pay Rs. 100/- to vendor and Rs.4/- should be posted to tax account.

regards,

urendra

[former_member218067]

Hi ,

Yes its the same as you are saying it will go to the tax account that you assign to NVV

Or you can copy NVV and cteate new key in OBCN and assign the Tax account there

Hope this will resolve your issue

BR

Diwakar

[Former Member]

Hi,

I am having two scenarios:

1. Vendor is paying tax 4% to the government which sums upto Rs.4/- for a base amount of Rs.100/- so i have to pay the tax amount to vendor, for this i have created a tax code in which, NVV tax account key assigned to that condition type,,, so finally i use to get to line items in the accounting document i.e

Vendor A/c = Rs.104

GR/IR A/c = Rs.104

so in this case i dont want to keep any account for tax account so i have not assigned any GL account to the account key NVV.

2. Vendor is coming with a stock value of Rs.100/- on which 4% tax we have to pay to government,,, so in this case i have created a tax code in which i have used tax account key VB1 for which a GL account has been assigned, for which i use to get

Vendor A/c = Rs.104(-)

GR/IR A/c = Rs.100(+)

Tax A/c = Rs. 4(+)

wherein i require the process in below mentioned way:

Vendor A/c = Rs.100(-)

GR/IR A/c = Rs.104(+)

Tax A/c = Rs. 4(-)

so in this case i want to pay Rs.100/- to vendor and Rs.4/- to be stored in tax A/c.

so Diwakar,,, can u plz guide me to do the above 2nd scenario.

regards,

urendra

[former_member218067]

Hi,

In OBCN for that account key

select indicator 2 seperate line item ans check

Hope this will help

BR

Diwakar

reward if useful

[Former Member]

Hi Diwakar,

i have checkd in OBCN, posting indicator '2' separate line items is already set for my tax account VB1. but couldnt get the way in which i want (explained above) any other idea...

regards,

urendra

[Former Member]

Kumarji,

create G/L ACC FS00

Create ACC key OBCN

Link these two in OB40

Try for this, then system will allocate this amount as a separate account from base value.

Regards

venkat

[Former Member]

Hi

In OBCN , try,

for VB1,tax type input tax,

tick the not deductible check box,and posting indicator as 2, separate line item.

When its not deductible, it will fall on GR/IR, same as NVV.But when you require the split up of vendor and the tax, you can get the required result.

Please try and let us all know

Thanks

kumar

[Former Member]

Hi Kumar,

I have done all the settings

During Invoice Simulation I use to get:

Vendor Account = Rs. 104/-(credit)

GR/IR account = Rs.100/- (debit)

Tax Account = Rs. 4/- (debit)

whereas i want the invoice simulation should be in the following way, is it possible then how?

During Invoice Simulation:

GR/IR Account = Rs.100/- (Debit)

Vendor Account=Rs.100/- (Credit)

Stock Account = Rs.4/- (Debit)

Tax Account = Rs.4/- (Credit)

regards

urendra