FTXP

[Former Member]

Dear friends,

I've to create a new tax code as follows:

1.Service Tax= 10% on Basic

2.Edu Cess= 2% on Basic

3.High Edu Cess= 1% on Basic

4.LST= 1% on 123

Plz tell how to config this in FTXP. Kindly give step by step xplanation as I'm new.

Rds.

[Former Member · Accepted solution]

Hi,

You would need to create steps and assign account keys in tax calculation procedure in your country.

Then at FTXP, you would need to create a tax code and assign the % for each of these account keys.

Goto OB40, and assign the corresponding GL Accounts for values to flow into.

Good Luck

Redoxcube

[Former Member · Accepted solution]

Dear Redoxcube,

You said, "You would need to create steps and assign account keys in tax calculation procedure in your country." Can you explain how to create steps, how to create account keys & how to assign a/c keys to tax calculation procedure? Plz explain absolutely right from step 1 to step last.

Thank you very very much,

Rgds.

[Former Member · Accepted solution]

Dear Redoxcube,

Where do we define A/c keys used for posting?

Rgds.

[deepa_khatri · Accepted solution]

Hi,

In VKOA assign posting keys.

thanks

deepa

[Former Member · Accepted solution]

Dear Deepa Khatri,

Define not assign. Where do we define? Assigning I know.

Rgds.

[Former Member · Accepted solution]

Hi,

You can create Account keys in the below given path:

IMG -Financial Accounting Global Settings -Tax on Sales/Purchases-Basic Settings-Check and Change Settings for Tax Processing.

Rgds

Prasad

[Former Member · Accepted solution]

Hi,

Use the below link for configuring your tax procedure & account keys.

This will be useful.

Rgds

Prasad

http://help.sap.com/saphelp_erp2005vp/helpdata/en/9e/0b941b0fd64873bc54e8745fb044e7/content.htm

[Former Member]

Go in SPRO to Finaicial Accounting Global settings->Tax on Sales/purchases->

Here you will find the relevant settings to be done under Basic settings and Calcluation node and Posting.

1. Create a condition type for Service tax,edu cess and high edu cess and assign Account key to each of these condition types. The account key can be same or different for each depending on for which of these taxes you want to post to a seperate account.

2. Go to Define proecedures in Check calculation procedure and there ensure that the condition types defined above and account keys are correctly assigned with the correct step sequence number for your calculation. e.g for LST in your case put the Base amount to include the step numbers for serivce tax edu.cess and high edu cess.

3. Go to define tax accounts in OB40 and maintain the tax account to be posted for each of your relevant condition types defined above.

4. Finally go to FTXP-define tax codes and enter the relevant rates and ensure that the entire calcuation procedure as defined above is in 1 and 2 is correctly seen.

Mark the GL account you have maintained for serv tax,educess etc with the indicator < (input tax) in tax category.

Thanks and regards

Kedar

[Former Member]

Hi Siddhant,

Please go through these SDN links. These may be helpful for you.

[https://wiki.sdn.sap.com/wiki/x/Qc8]

[https://wiki.sdn.sap.com/wiki/x/uYjzAQ]

Regards,

Mike