Archive for the CIN Category

Maintain Company Code Settings in SAP The following tutorial guides you to maintain the tax information relating to your company codes SPRO >> SAP Reference IMG(F5) >> Logistics – General >> Tax on Goods Movements >> India >> Basic Setting >> Maintain Company code settings Choose “New entries” to maintain the data relating to your company codes In the next screen,

Maintain Excise Registrations in SAP The following step guides you how to maintain excise registration in SAP. SAP IMG Path: – SPRO >> SAP Reference IMG (F5) >> Logistics – General >> Tax on Goods Movements >> India >> Basic Setting >> Maintain Excise Registrations In next screen, choose new entries to maintain excise registration Update the information relating to excise

Assign Tax Codes for Non-Taxable Transactions The following tutorial guides you on how to Assign Tax Codes for Non-Taxable Transactions in SAP. You need to maintain incoming and outgoing tax for each company code that are used to post non taxable transactions to tax related accounts in SAP. Update as V0 – as 0% Input Tax, A0 – as 0%

Create tax codes in SAP The following tutorials guide you on how to create tax code step by step in SAP. We are creating an output tax VAT 5%.  Create a new tax code by using the following methods: SAP IMG Path: – SPRO > SAP Reference IMG (F5) > Financial Accounting > Financial Accounting Global Settings > Tax on sales/purchase

The tax jurisdiction specifies the different taxing authorities to which you submit payments up to four levels representing State, country, City, and others in your tax jurisdiction structure. SAP IMG Path: – SPRO > SAP Reference IMG (F5) > Financial Accounting > Financial Accounting global settings > Tax on sales/Purchase > Basic setting > Specify structure for tax jurisdiction code