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Answer Posted / sreenivas reddy.pallem
VAT means Value aaded tax which is applicable when we are purchasing within the state.
in t-code OBYZ Tax procedure we will define % of VAT to be calculated on Base amount like 100 Rs is the product price , 6% is the excise duty then total 106 rs is the product price on theis amount VAT will calculate like 4% then VAT=4.24 NOW the total value of product is 110.24rs
Create tax procedure in OBYZ
assaign tax procedure to company code OBBG
so we need to create one GL a/c for VAT and assaign this a/c in OB40
Then create tax codes in FTXP here give VAT % . SAVE
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