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Vat (Value Added Tax) : Step CNTR Ctyp Description Fro To Actky
Vat (Value Added Tax) : Step CNTR Ctyp Description Fro To Actky
a/c (exp). * Financial Accounting- Financial Accounting Global Settings- Tax on Sales/PurchasesBasic Settings- Check Calculation Procedure- Define Procedures-New Entry Procedure-TAXIN Description-TAX INDIA INPUT Select the line and Control data-New Entry Step Cntr CTyp 100 110 120 0 0 0 BASB MWAS MWVS Description Base Amount Output Tax 100 Input Tax 100 100 100 MWS VST Fro To ActKy
* Assign Country to Calculation Procedure-Procedure-TAXIN * Calculation-Define Tax Codes for Sales and Purchases Tax code-MC, Tax type-V input tax Input Tax-10%, Select Output Tax percentage column and hit Deactivate line. * Financial Accounting- Financial Accounting Global Settings- Tax on Sales/PurchasesBasic Settings- Check Calculation Procedure- Define Procedures-New Entry Procedure-TAXOT Description-TAX INDIA OUTPUT Select line and Control data-New Entry
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MWS VST
Tax code-MT, Tax type-A output tax Output Tax-10%, Select Input Tax percentage column and hit Deactivate line. * Posting-Define Tax Accounts-Transaction MWS (output tax) Select Tax code, Tax code-MT Hit -Account-Account104 (Sales Tax Payable a/c)
* Edit Purchase and Sales a/c Control data-Tax category-* (all tax types allowed) Select posting without tax allowed.
GL Posting * SAP menu- Accounting- Financial Accounting- General Ledger- Document EntryFB50 - Enter G/L Account Document
Customer Invoice * SAP menu-Accounting-Financial Accounting-Accounts Receivable-Document entryFB70 Invoice, Select calculate tax, Select tax code-MT output tax
Vendor Invoice * SAP menu-Accounting-Financial Accounting-Accounts Payable -Document entryFB60 Invoice, Select calculate tax, Select tax code-MC input tax