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Reply from VSR on Dec 25 at 10:00 AM Dear Joshi,
Both of Input & Output taxes in one tax code is not possible.
There is a two alternatives.
1. Output tax Credit to ST Payable account in MIR6 posting through GL Account tab.
2. You can create one withholding tax key for ST Payable and assign that to ST Payable GL Account. After that you can assign that withholding key to Vendor masters like withholding tax key assignment.
While posting invoices you can change the base amount for calculation.
You will get Input Tax through Tax code. And output tax tax through withholding tax key.
Regards,
VSR
| | | ---------------Original Message---------------
From: joshi-jagdish
Sent: Thursday, November 28, 2013 12:56 AM
Subject: Service Tax Code in SAP for Rev. Mech.
Hello,
We need one new Tax Code which Compute 50% Service Tax of 12.36%, as mentioned below:
Expenses Dr. 100
ST Receivable Dr. 6.18
Service Tax Payble Cr. 6.18
TDS Cr. 1
Vendor Cr. 99
Service Tax Receivable will come --- 100*12.36%*50%=6.18
Service Tax Payable will come --- 100*12.36%*50%=6.18
TDS will come ---- 100*1% or 2 % on Rs.100
Vendor will come ----100/- Minus (TDS) Re. 1 of Rs.2/-
Please advise ASAP. Thanks in advance |
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