If we are Maintaining diffrent tax Percentage rates in FTXP and pricing Proced

If we are Maintaining diffrent tax Percentage rates in FTXP
and pricing Procedure? what will happen in Accounts? which
percentage will taken by system at the time of posting?

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If we are Maintaining diffrent tax Percentage rates in FTXP and pricing Procedure? what will happe..

Answer / mohan babu

If the company is using Tax-inj method (it is a formula
based method) where you are maintaining the tax rates based
on the specific date wise. For instance, let me explain in
the specified date the tax rate was 10% and after that date
tax rate was changed to 12%. Then if the invoices/receipts
entered in the specified periods (i.e with 10% rate), they
will affect with tax rate at 10% only and remaining will
consider under new tax rate after the specified date
mentioned in T-code FV11.
If the company is using Tax-inn method, where we are
maintaining the tax rates under condition. if the tax rates
change it will affect for both new and old invoices/receipts
which are not cleared.

In Tax-inj tax rate taken by system based on open and
closed date. In Tax-inn rate taken by system based on rate
maintained in FTXP T-CODE.

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If we are Maintaining diffrent tax Percentage rates in FTXP and pricing Procedure? what will happe..

Answer / ksandeep

Let us suppose we are configuring taxation for country India with tax procedure TAXINJ. In this tax procedure we can enter the tax rates in transaction FTXP (If the tax procedure is TAXINN we do not require to enter the tax rates here).

When there is an entry from FI side these system apply these tax rates for that entry.

If there is an entry from SD side, pricing from SD will be applicable and condition maintained in that pricing procedure for tax will be applicable. MM condition records are maintained through transaction VK11.

If there is an entry from MM side, the pricing procedure maintained in MM configuration will be applicable. Similar to SD entries, the condition maintained in the MM pricing procedure for tax will be applicable. MM condition records are maintained through transaction MEK1.

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