input tax code

[Former Member]

Dear All

As mm consultant, i woud like to know how many input tax code are to be created for purchasing and other.

regard

nabil

[Former Member · Accepted solution]

HI,

1) Using T-code FTXP - Maintain Tax Code to be created and its description to be changed accordingly your tax structure then

2) Using T-code FV11 - Create Condition. In this t-code we have to create tax condition and give inputs tax code,percentage and SAVE.

After that, using t-code ME21N - Create Purchase Order item detail menu and the Invoice TAB, tax code field showing tax code with description as follows.

Tax Code Tax Description

A1 ED 10.3% & VAT Exempted

A2 ED 10.3% & VAT 0%

A3 ED 10.3% & VAT 1%

A4 ED 10.3% & VAT 4%

A5 ED 10.3% & VAT 4%+Gujarat-1%

A6 ED 10.3% & VAT 5%

A7 ED 10.3% & VAT 12.5%

A8 ED 10.3% & VAT 12.5% Addl 1%

A9 ED 10.3% & VAT 14%

AA ED 10.3% & VAT 14%, 1% Addl.VAT

AB ED 10.3% & VAT 14.5%

AC ED 10.3% & CST 0%

M1 ED Nil & CST 14% Without Form "C"

M2 ED Nil & VAT 5 %

M3 ED Nil & VAT 13.5%

M4 ED Nil & VAT 14.5%

M5 ED Nil & VAT 13%

M6 ED Nil & VAT Exempted

The above tax code, we have to assign GL in FICO module through consultant.

Hope, it is useful for you.

regards,

K.Rajendran

[Former Member · Accepted solution]

what are the common condition type for creating a tax.

regard

nabil