Taxes calaculated using CIN

[Former Member]

Hi Gurus,

what are the different types of taxes calaculated using CIN and the different registers used in CIN.

Can somebody provide me the description of each tax calaculated using CIN and the Registers?

Regards,

Ajit

[former_member204513]

Ajit,

These are the Taxes we can Calculated based on the CIN configuration

1. Excise duty (BED or SED or AED)

2. Local sales Tax (LST).

3. Central sales Tax (CST)

4. Education Cess.

These are registers related CIN configuration

1.RG23-1C --- This related to Capital goods Value

2.RG23-2C --- In this register Capital goods Qty will be mailtained.

3.RG23-1A --- In this register Raw material value will be mailtained.

4.RG23-2A --- In this register Raw material Qty will be mailtained.

5.RG23-D --- In this register Finished product details will be maintained.

I hope it will help you

Thanks,

Murali.

[Former Member]

Hi,

For CIN the types of taxes will be in generic is as defined below:

a) Excise Duty - 16% of the Sale vale

b) Cess Tax - 2 % of the Excise Duty

c) CST - Central Sales tax - 4 % of the taxable value (Sale value + Excise duty + Cess Tax)

d) LST - Local Sales Tax - 5 % of the taxable value (Sale value + Excise duty + Cess Tax)

e) Surcharge - 12% of LST

point d) & e) will not come in case of point c). Similarly point c) will not come in ase of d) and e).

f) VAT of 12% tax will be applicable accordingly as per the state

g) Total Gross invoice value will be sum of all the above.

For each of the above taxes, standard SAP has defined condition types like JIN1, JIN2, JIN4 etc, which can be included in your pricing procedure accordingly.

Regards,

JLN