What is the purpose of 0 (zero)tax code?
Answers were Sorted based on User's Feedback
Answer / anand raihcura
We will give zero tax code when we the particular item is
tax exmpted.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / sandy
we will give zero % tax codes at the time of creating asset
accounting.coz there will be no taxes for assets.
t.c: "ftxp" & obcl
| Is This Answer Correct ? | 2 Yes | 5 No |
Hi SAP experts...I am new to CO and i am learning it by installing SAP in my own system...can any body advice me how to start with CO, like which one i configure first and then next steps. it will be very helpful to me if somebody advice. Thanks, Rajendran.
I am trying to enter a customer invoice with Output tax. The goods cost 3,000 currency units and the tax is say 5% of goods' value for a tax amount of 150 currency units. The amount receivable from the customer is 3,150 currency units including tax. However, when I enter the DR document in SAP via t-code F-22, the AR amount comes to 3,000 and the cost of goods is 2,857.14 and rest (142.86) is tax. Obviously the system is taking the amount entered as the total AR and not the value of goods being sold. To fix this problem, I could enter 3,150 instead of 3,000 and the tax will be calculated fine. However, I do not want to enter the AR amount. Is there a configuration setup to accomplish this?
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