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TAX code 30% of Total Basic Value

Former Member
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Dear All

Plz suggest how to define new tax code 10.3% Service Tax on 30% of basic Value

Thanks

Arun

Accepted Solutions (1)

Accepted Solutions (1)

BijayKumarBarik
Active Contributor
0 Kudos

Hi,

Whatu2019s your requirement!

Create a new condition type as required by you & maintain condition of conditions. Keep value in

New Condition type as(30% Gross price) and keep as NET PRICE in PO. Take this amount to tax procedure in BASB

OR

Create two tax codes: DT(deferred service tax) & AD(Actual service tax) and mainintaned Target tax code DT in tax code AD.

Once you do MIRO, you will get accounting entry for deferred service tax with other entries & then do payment to vendor in F-53. But at the time of transfer from Deferred service tax to Actual service tax , you will get proper entry of transferring amount of service tax by using program RFUMSV50 or t.code:S_AC0_52000644 ( you can transferred only 30% as required by you)

For more check note:921634

Regards,

Biju K

Former Member
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Plz explain in detail point number 1

Thanks

Arun

Answers (0)