Answer / vicky

System will post automatically but it depends on the ethord
u follow in calculation methord.that sytem has to calculate
on base amt
OBYZ- check calculation procedure(
FTXP - define tax codes
OB40- Define tax accounts

Answer / hari

Dear,
Here the 100000 is iclusive of 5% tax.
The calculation (If 5%) is (5/105)*100000=4,761.91.
Enjoy!

Answer / ravi

we calculate on the Gross Bill Amount. If the Gross Bill
Amount is 100000*12.5%=12500. then, the Receiveble amount of
is 112500.

Answer / balaram

system calculated it automatically and post the accounting entry like serive tax Dr
To Service tax Payable Cr Here Service tax is a automatic posting entry like vat payble.

Answer / majid khan md

Hi everybody i too have a doubt in sales tax can u plz help
me out from this problem..
Hi i was having the problem in Sales tax iam sending all
the details which i follow so plz check it n let me know
where i do the mistake always....

1.Define Tax Procedure (obq3)
2.Assign tax procedure to the country (obbg)
3.Define tax order for sales (ftxp)
4.Create sales tax liability account (fs00)
5.Define tax accounts (ob40)
(code linking to sales tax A/c)Here iam assigning the tax
liability account
6.Assignment of tax code in the customer master (xd02)
7.Assignment of tax code in the sales master (fs00)
8.Posting of outgoing invoice (f-22)
(3 line items will displayed)

the entry like :
01 customer debit 100000
to sales 95,238.09
to sales tax (liability) 4,761.91
But i gave the 5% tax code it means instead of taking 5%
its taking 4.76 % can you plz explain it....

Answer / madhu

That is ok BABA,what i have asked is wheather we will enter
that 12500 or it will calculate automatically,and
debit/credit it or we will calculate it manually and post
it to debit/credit.
Thanks
Madhu

Answer / madhu

Hi Vicky
I think so T.Code:OBYZ is used for "define screen layout
for asset master Data". T.Code:OBQ3 is used for Define
Calculation Procedure.

Hi Majid Khan Md
I think so the T.Code:OOBG is used for Assigining Tax
Procedure to Country.
Regarding that 5% What i think is that it is taking "ROUND
VALUE FIGURE", this is what i am thinking.

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