Answer / amit paul

CST,VAT,Excise config steps

Define condition types

check& change for tax processing(ie basically account key
conig)

define calculation procedure-TAXINJ do the settings

assign country to calculation procedure

specify structure for Tax jurisdiction code-ie table TTXJ

define tax jurisdiction

create tax code in FTXP(v0-input tax 0%,v1-input tax-
excise&cst,v2-input tax excise,VAT & do the same for output
tax with different tax codes)

assign 0%tax codes for nontaxable transaction-OBCL

activate CIN for specific fiscal year

GL master data creation (maintain G041 as FSG)

assign GL for automatic posting OB40

maintain excise registration

maintain company code setting

maintain plant setting

maintain excise group

maintain excise series group

maintain excise duty indicator

specify GL accounts offsetting

assign billing type to delivery type

specify SAP Script form

define number ranges

excise rate maintanance J1ID


These are the steps. you can configure service tax also.

Answer / reshmi

I am doing CIN config but not able to understand that how to create tax code to diff condition type.In TAXINJ there so many condition type. should I deactivate those and only excise ,vat & service tax will be maintain and define tax code as per them or else..pls advice..

Hi Friends, I have one query, would be grateful if any can tell me the setting for the same. We have given an advance to vendor and deduct the tds on that. Thereafter when the bill comes in then ideally we should deduct the tds on remaining amount (Invoice amount – advance paid) because we have already deduct the tds on advance payment to vendor. I want to know the setting for that. Kindly explain in details. Regards

2 Answers   IBM, SAP Labs,

---

What is the use of account payable in fi?

0 Answers  

---

Why asset classes are important in sap?

0 Answers  

---

what is difference between R/1, R/2 and R/3 ?

1 Answers  

---

What is configuration procedure for Asset procured through purchase order

0 Answers   Mind Tree,

---

---

How does the system calculate depreciation? : fi- asset accounting

0 Answers  

---

Is there any program/report which gives payment usage/document set off details against a particular document ?

0 Answers  

---

Explain intercompany postings. : fi- general ledger accounting

0 Answers  

---

What is the use of account receivables in fi?

0 Answers  

---

hi all can u explin the flow of fi to co

2 Answers   Bosch,

---

Can you pay a vendor in a currency other than the invoice currency? : fi- accounts payable

0 Answers  

---

Why financial statements are important for any business?

0 Answers  

---