tax _ condition type

[Former Member]

Dear Friends

Please send me documents for

STANDARD CONDITION TYPES for tax for indian scenario

With regards

Sankalp singhai

[former_member183879]

In India as per the laws of the government certain goods are categorised as excisable. You bring the raw material, process it and you then convert it into a finished good. In this way you have done value addition to the raw material for converting it into a finished good. So this material is excisable and on the assessable value of this finished good you are liable to pay excise duty of 16%. On this 16% there is Education cess - 2% and again on this 16% there is secondary & higher Secondary cess - 1%.

So whenever any excisable material leaves the factory it is mandatory that an excise invoice will accompany the material. So when you sell the fin. good to your customer you will add the escixe duty to the assessable value. Assessable value is nothing but the discounted price plus any packing & forwarding charges.

So the excise invoice will conatin the details like customer's shipping address, customer's excise details, plant excise details, ordering party address, tax structure of the supplying plant, excise invoice number.

Excise details of the plant include the ECC no., Excise registration no., Excise range, Excise division, Excise commissionerate, CST(central sales tax) no., LST (Local Sales Tax) no., Permanent account number(PAN), Excise indicator for company- full tax, or 50% tax or no tax, Service tax registration number, You maintain all this in transaction code J1ID-here select excise indicator for plant.

Then you have to create the excise group and series group. IMG-logistics general, tax on goods movement-India-basic settings-here you maintain the excise registrations, then company code settings which is done by FICO, then mainatin plant settings which is done by MM/SD,. Then maintain the series group and excise groups as per the individual plants. Actually for excise invoice to work properly the CIN settings are to be done perfectly by FICO, MM and SD.

Then you create the excise invoice in transaction code J1IIN. here the system takes the reference of the commercial invoice number which we create using transaction code VF01.

[Lakshmipathi]

Dear sankalp

I dont know why you want documentation on condition types for tax structure.

Unless you post your question clearly, it will difficult for us to answer. However, following are some condition types being used for various tax purpose in India.

1) UTXJ - Jurisdiction Tax

2) JMOD - Excise Duty (statistical)

3) JEX2 - 100% of JMOD (value passed on to FI)

4) JECS - 2% Education Cess (statistical)

5) JECX - 100% of JECS (value passed on to FI)

6) JA1X - 1% Sec.Edu.Cess (statistical)

7) JA1Y - 100% of JA1X (value passed on to FI)

😎 JIN7 - VAT

Thanks

G. Lakshmipathi