vat calculation

[Former Member]

Hello,

We are using tax procedure TAXINN.

Business required new tax code as below: (SET OFF: Service Tax : 12.36 %, VAT 4%, A.VAT 1%)

1. Base value
2. 12.36% service tax on Base value
3. Total of base value + 12.36% service tax
4. 4 Percentage VAT on 3.
5. 1 Percentage A.VAT on 3
6. Total amount = 3+4+5

Also we have maintained value in FV11 based on condition type. System calculated service tax and additional vat properly but didn’t calculate VAT amount.

  Can anyone help me resolve how to compute calculate properly?

[Former Member]

Hi,

Create 5 tax Condition types, 3 for service tax + Cess, 1 for VAT and 1 for Adtl. VAT.

Maintain the same in your TAXINN procedure and define the steps as per the requirement which should address the calculation as needed.

Maintain the condition records for the above conditions in FV11.

If everything is already maintained, check the steps (From/To) in your tax procedure is correctly defined so that the above calculation can be achieved.

Also there are many threads available in the Forum / Google for VAT Calculation. So just do a search.

Hope it is helpful.

Thanks,

[Former Member]

Hi,

You need to have seperate condition type for each subtax. Assign them to tax code, and in tax procedure as well at proper place. Assign this tax code to country and tax procedure. In FV11, you will see that all the conditions you asigned to this tax code, you will be abel to input values.