Sales Tax Query

[Former Member]

Dear Experts

I have read in a document the following about sales tax:

Kindly clarify the genuineness of the statements as follows and please let me know what the corrections are if any incorrectness is found:

"Both CST and LST rates can be maintained in one tax code in the same jurisdiction. The rates are maintained at Tax code level. But formula 352 elimates one of them based on region of ship to party and region of delivering plant"

Regards

SDC

[Former Member · Accepted solution]

Hi,

Here you cant put two different taxes in single tax code, if you want then you need to specify different tax code for different tax like LST and CST and you should have different gl accounts to assigned in OB40, for this you should have different condition type and account keys.

All you get it in SPRO -> FIN ACCOUNTING ->FIN ACC GLOBAL SETTINGS -> TAX ON SALE AND PURCHASE-> BASIC SETTINGS..

Hope understood and you can assigh points if you are cleared.

Thanks,

Vasu..