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Service taxes india and SAP Configuration (TAXINN)

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Service taxes india and SAP Configuration (TAXINN)

  1. 1. Service Taxes (India) &SAP Configuration ByMuhammad I ShokatHaas Automation Inc Page 1 of 13
  2. 2. TABLE OF CONTENTSScenario: (Purchasing /Input) ..........................................................................................3 Example: .....................................................................................................................3 Important:................................................................................................................3SAP Configuration Changes for TAXINN Procedure ......................................................4 1. Create new condition types (JSRT, JEC3 and JES3).............................................4  JSRT (A/P Service Tax)...................................................................................4  JEC3 (A/P ECS for ST) ~ 2% ..........................................................................5  JES3 (A/P SECess for ST) ~ 1% ......................................................................6 2. Create two new Account Keys and Use VS7 as existing one: ...............................7  VS7 (IN: A/P Service Tax) ..............................................................................7  VS8 (IN: A/P ECS for ST) ...............................................................................7  VSE (IN: A/P SECess ST) ...............................................................................8 3. Maintain Tax Procedure (TAXINN) to accommodate these changes. ...................8 4. Assign G/L Accounts to Tax Code (ST and S1). ..................................................9  VS7  11406400 ............................................................................................9  VS8 11406500 .............................................................................................9  VSE 11406600........................................................................................... 10 5. Maintain Tax rates in FV11 ...............................................................................10  <FV11> JSRT (12%) .................................................................................10  <FV11> JEC3 (2%) ...................................................................................11  <FV11> JES3 (1%)....................................................................................11Posting Service Invoice .................................................................................................12Assigning New Tax Code “S1” to be able to see in FB60 tax code drop down screen. ...13 Page 2 of 13
  3. 3. Service Taxes India Scenario: (Purchasing /Input) When we create service tax invoices, system should be able to calculate 12.36% tax. 12% for service tax, 2% for Education Cess and 1% on SecCess. Service tax = 12% Ed Cess@2% = 12%*2% = (12*1.02 = 12.24%) Sec Cess @1% = 12%*1% = (12*1.01 = 12.12%) Total Tax amount--------------------------- 12.36% G/LChAc accoun CoCd Long TextHAAS 11406400 4000 Service tax-input credit - Basic Service Tax 12%HAAS 11406500 4000 Service tax-input credit - Education Cess 2% on Service taxHAAS 11406600 4000 Service tax-input credit - Secondary & Higher Educ 1% on Service tax Example: A Vendor service Invoice for 3370.80 INR needs to be entered calculating 12.36% on this invoice and a 2% TDS. Total taxes should be (3000*12.36%) = 370.80 Debit Credit Vendor – 3303.38 Wages G/L Account – 3,000 Service tax @12% (3000*12%) = 360 Ed Cess @2% (360*2%) = 7.20 S&HE Cess @1% (360*1%) = 3.60 Vendor TDS = 67.42 Total Taxes = 370.80 Important: Here tax base amount for Edu Cess should be 12% of the orgibal invoice base which is (12%*3000) = 360, in this case.  Education Cess = 360*2% = 7.20  Sec and Higher Sec Cess = 360*1% = 3.60 Page 3 of 13
  4. 4. SAP Configuration Changes for TAXINN ProcedureWe have to do following to accommodate these changes in the system.1. Create new condition types (JSRT, JEC3 and JES3).<OBYZ> Define Condition TypesJSRT (Make sure you mention “JTAX” in access seq.) and enter text as (A/P ServiceTax)  JSRT (A/P Service Tax) This should be “1” as level 1 Page 4 of 13
  5. 5.  JEC3 (A/P ECS for ST) ~ 2% Page 5 of 13
  6. 6.  JES3 (A/P SECess for ST) ~ 1% Page 6 of 13
  7. 7. 2. Create two new Account Keys and Use VS7 as existing one:<OBCN> VS7, VS8, VSE  VS7 (IN: A/P Service Tax) VS8 (IN: A/P ECS for ST) Page 7 of 13
  8. 8.  VSE (IN: A/P SECess ST)3. Maintain Tax Procedure (TAXINN) to accommodate these changes. <OBYZ>Define Procedures Important: In order to accommodate .24% and .12% of service tax value (360 as calculated above), Use step (605) as “From” and “To” for steps 607 and 609 as shown below and highlighted in red. Also assign new account keys (VS7, VS8 and VSE). Page 8 of 13
  9. 9. 4. Assign G/L Accounts to Tax Code (ST and S1).Even though we ONLY require tax code “ST”, but due to TAXINN, and maintainingrates in FV11, we need to link S1 with ST, so we will have two tax codes.<OB40> assign ST and S1 tax codes in transactions “VS7”, “VS8”, and “VSE”.  VS7  11406400 VS8 11406500 Page 9 of 13
  10. 10.  VSE 114066005. Maintain Tax rates in FV11We need to maintain two tax codes, and use “ST” as central for all three conditions.Because if we don’t create “S1”, we will not be able to maintain 12%, 2% and 1% forcode “ST’ because if we do that, system gives an error for 2% that you have alreadymaintained 12% for code ST.  <FV11> JSRT (12%) Page 10 of 13
  11. 11.  <FV11> JEC3 (2%) <FV11> JES3 (1%) Page 11 of 13
  12. 12. Posting Service InvoiceFB60:When ever we will create an Invoice, we will use tax code “S1” on FB60 screen, becausein FV11 we have linked S1ST, and postings will show ONLY ST tax code. Page 12 of 13
  13. 13. Assigning New Tax Code “S1” to be able to see in FB60tax code drop down screen.<OBZT> Add tax code “S1” for purchasing. DO NOT assign “ST” as it willautomatically show through FV11 assignment. Page 13 of 13

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