Interested to Buy Any Domain ? << Click Here >> for more details...
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
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
give me fico material in ramesh institute
What is a document in sap? : fi- general ledger
What is the basic purpose of creating a profit center?
What are the different types of data in sap system? : cost center accounting
What is year end closing? How do you perform a carry forward commitment? : cost center accounting
Explain reposting in cost center accounting? : co- cost center accounting
How is account type connected to document type? : fi- general ledger accounting
How do you configure the gl account for the house bank? : fi- general ledger master data
In asset accounting what are the organizational assignments?
For what purposes internal orders can be used?
While defining chart of account, there is field "manual creation of cost element" and "automatic creation of cost element", what is it?
Explain the configurations required for taxes in sap?
Define the term "fiscal year"?
What assurance the integration of all application modules?
What is open line item management?
