Configuration of Tax Calculation Procedure TAXINN 

Purpose

TAXINN is a tax calculation procedure for country version India and it supports condition-based excise determination. You need to configure this tax calculation procedure.

Process Flow

Execute the following steps in the Implementation Guide to configure the tax calculation procedure TAXINN:

Procurement

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       1.      Set up the following Access Sequences in the the IMG under Financial Accounting ® Financial Accounting Global Settings ® Tax on Sales/Purchases ® Basic Settings ® Check Calculation Procedure ® Access Sequences:

¡        JTAX

¡        JST1

       2.      Set up the Condition Types for the following conditions in the IMG under Financial Accounting ® Financial Accounting Global Settings ® Tax on Sales/Purchases ® Basic Settings ® Check Calculation Procedure ® Define Condition Types:

○     MM Excise Conditions

§         JMOP   IN: BED setoff %

§         JMOQ   IN: BED setoff Qty

§         JAOP    IN: AED setoff %

§         JAOQ   IN: AED setoff Qty

§         JSOP    IN: SED setoff %

§         JSOQ   IN: SED setoff Qty

§         JMIP     IN: BED inventory %

§         JMIQ     IN: BED inventory Qt

§         JAIP     IN AED inventory %

§         JAIQ     IN AED inventory Qty

§         JSIP     IN SED inventory %

§         JSIQ     IN SED inventory Qty

§         JMX1    IN: A/P BED setoff

§         JAX1     IN: A/P AED setoff

§         JSX1     IN: A/P SED setoff

§         JMX2    IN: A/P BED inventor

§         JAX2     IN: A/P AED inventor

§         JSX2     IN: A/P SED inventor

§         JECP    IN:A/P e-cess setoff

§         JECI     IN: Eces inventory

§         JEX1     IN: A/P ecs setoffT

§         JEX3     IN: A/P ecs invT

○     LST/CST/VAT Conditions

§         JIPS     IN Sales tax setoff

§         JIPC     IN Central sales tax invoice

§         JIPL      IN Local sales tax invoice

§         JIP5      A/P RM Deductible

○     Service Tax Conditions

§         JSRT    A/P Service Tax

§         JEC3    A/P ECS for ST

       3.      Define the Tax Procedure according to the settings in the figures below.

You can do this in the IMG under Financial Accounting ® Financial Accounting Global Settings ® Tax on Sales/Purchases ® Basic Settings ® Check Calculation Procedure ® Define Procedures.

       4.      Set up the following Account Key in the IMG under Financial Accounting ® Financial Accounting Global Settings ® Tax on Sales/Purchases ® Basic Settings ® Check and Change Settings for Tax Processing.

○     VS6    Input Tax

       5.      Assign Tax Procedure to the country.

You can do this in the IMG under Financial Accounting ® Financial Accounting Global Settings ® Tax on Sales/Purchases ® Basic Settings ® Assign Country to Calculation Procedure.

Sales

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       1.      Set up the Condition Types for the following conditions in the IMG under Financial Accounting ® Financial Accounting Global Settings ® Tax on Sales/Purchases ® Basic Settings ® Check Calculation Procedure ® Define Condition Types:

○     Excise Conditions

§         JASS    IN A/R BED

§         JEXP    IN A/R BED

§         JEXQ    IN A/R BED

§         JEAP    IN A/R AED %

§         JEAQ    IN A/R AED Qty

§         JESP    IN A/R SED %

§         JESQ    IN A/R SED Qty

§         JCEP    IN A/R CESS %

§         JCEQ    IN A/R CESS Qty

§         JEXT     IN A/R BED total

§         JEAT    IN A/R AED total

§         JEST    IN A/R SED total

§         JCET    IN A/R CESS total

§         JECT    IN A/R ECS total

○     LST/CST/VAT Conditions

§         JCST    IN A/R CST

§         JCSR    IN A/R CST Surcharge

§         JLST     IN A/R LST

§         JLSR    IN A/R LST Surcharge

○     Export Conditions

§         JFRE    IN Frieght

§         JINS     IN Insurance

       2.      Set up the Access Sequence in the the IMG under Financial Accounting ® Financial Accounting Global Settings ® Tax on Sales/Purchases ® Basic Settings ® Check Calculation Procedure ® Access Sequences:

       3.      Set up the following Pricing Procedures according to the settings in the figures below.

You can do this in the IMG under Sales and Distribution ® Basic Functions ® Pricing ® Pricing Control ® Define And Assign Pricing Procedures.

○     JDEPOT (IN:Depot sale with formula)

○     JEXPOR (IN:Export sales with formula)

○     JFACT (IN:Factory sale with formula)

○     JSTKTR (IN:Stock transfer with formula)