how to create tax code in purchase

[Former Member]

how to create tax code in purchase and what is the use of ob40

i m create new tax code -P3 . CST 3% (PURCHASE)

T.CDOE USE FTXP CREATE TAX CODE THIS TAX CODE WHICH GL ASSIGN FOR THIS TAX CODE..... I HAVE SOME ERROR WHEN I M DONE MIRO NOT

TAX GL DISPLAY..AND THIS AMOUNT POST IN PRIC DIFFF GL ...

PLZ SEND HOW TO CREATE TAX CODE IN PURCHASE

THNKS

[former_member200240]

Hi

Tax code is created in FI only. FTXP is the T-code. Please go thro the documentation on the Tax on Sales/purchases in Financial Accounting Global settings. This is based on Tax calculation procedure and this will be used in MM as well.

S Jayaram