Asset Sale with Customer (F-92) with Sales Tax

[sagar_kapadia]

Hi Gurus,

Is it possible to post a asset sale in F-92 with Sales Tax directly in FI? If yes, Kindly assist me on the config steps required...

OR

Is it possible only through SD-FI integration?

To summarise,

My client want to sale a fixed asset to customer &Sales Tax entry should be generated... *Is it possible through F-92 *

Kindly assist on this issue....

THANKS

[ajaycwa1981 · Accepted solution]

Hi

Any asset sale has to happen through F-92 only.. There is no choice.. Else, the asset module wont get impacted

In F-92, select the tax code also and the same would get accounted... However, if you need to print the invoice and give to the customer, then either develop a program to print the invoice from the F-92 document

OR

Post a proforma invoice from SD module and print invoice...This wont post to FI, just a statistical invoice to facilitate print

Regards

Ajay M

[sagar_kapadia · Accepted solution]

Hi Ajay,

Thanks....

However, I have created a Tax Code L8 but the problem is the percentage, under which account key should I put the percentage?

I went to FTXP screen: Maintain Tax Codes : Tax Rates, in Percentage Rates Tab, against which Tax Type and Account Key shall I maintain the percentage? Kindly assist.

Also, In OB40 Output Tax has Transaction / Acct Key MWS, which I cannot see in the FTXP Maintain Tax Codes : Tax Rates, in Percentage Rates Tab.

Kindly assist on the same....

[Former Member · Accepted solution]

HI,

In FTXP there will be descirption right !

If you are not able to find in FTXP, check out in your tax procedure in OBQ3 you will get an idea what is you account key and corresponding Condition type.

Thanks & Regards

Om

[Former Member · Accepted solution]

HI,

In FTXP there will be description right !

If you are not able to find in FTXP, check out in your tax procedure in OBQ3 you will get an idea what is the account key and corresponding Condition type.

Thanks & Regards

Om

[sagar_kapadia · Accepted solution]

Hi OM,

I checked in OBQ3 as you told me. But the same is not seen. Kindly assist...

[Former Member · Accepted solution]

Hi Sagar,

I think you are searching for sales tax, you should be searching for VAT. Sales tax is no more applicable.

Hope this is your problem.

Thanks & Regards

Om

[sagar_kapadia · Accepted solution]

Hi Om,

I have created a tax code L2 , AR VAT 5% description and defines a GL account 15030059 for the same. This is maintained in OB40 under MWS transaction key.

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But, when i am using that Tax code, it gives me the following error:

Tax code L2 country IN does not exist in procedure TAXJFA

Message no. FF713

Diagnosis

You entered a tax code which is not defined for the country of the company code to be posted to in the tax calculation procedure.

System Response

Procedure

Check and, if necessary, correct the entry.

Procedure for System Administration

If it is not an input error, check and possibly change the system settings.

To do this, choose Maintain entries (F5).

Check whether the company code is assigned to the correct country and whether the correct tax calculation procedure has been entered for the company code country.

Create a new tax code if necessary.

Caution:

Since it is possible that the tables in question are being updated at a different time on another computer, it can take a certain amount of time for the tax code to be on all local machines in client server architectures after saving the new code.

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Secondly, If i am maintaining a percentage directly in FTXP screen under the same tax code, the error is getting rectified, but my concern is where should i put 5% ie under which Tax Type and Account Key. The Account key MWS cannot be seen in FTXP screen...

Kindly assist on this issue....

[Former Member · Accepted solution]

Hi Sagar,

Did you try with the help of condition type in tax procedure?

We can not say anything without seeing your tax procedure.

Thanks & Regards

Om

[sagar_kapadia · Accepted solution]

Thanks Om,

The tax procedure is the standard copied from TAXINN and created as TAXJFA.

Further, I do not have in depth knowledge about condition types. I have also heard that condition types are assigned in SD and work only when SD-FI is integrated. Correct me if i am wrong on this point?

Do Condition Types directly work for FI?

Can you assist furthur and clarify on the same please?

[Former Member · Accepted solution]

Hi Sagar,

SD condition types are different which is assigned in SD pricing procedure.

Tax condition types are different which is assigned to Tax procedure.

We can have Tax code with VAT and use it in our sale of asset.

Thanks & Regards

Om

[sagar_kapadia · Accepted solution]

Thanks OM,

I have already created Tax Code L2 AR VAT receivable 5.250%. However, can you please assist me where to maintain percentage in FV11?

[Former Member · Accepted solution]

Hi Sagar,

I can't say what is the condition type in your tax procedure.

In our client we have created our own condition type ZVAT for VAT.

You can do one thing, you can post what all condition types are there in your Tax procedure with description so that I can identify what is for VAT.

Thanks & Regards

Om

[sagar_kapadia · Accepted solution]

Thanks Om,

Here is the list of condition types I have in my tax procedure.

CTyp Name

BASB Base Amount

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

JIPS IN Sales tax setoff

JIPC IN C Sales tax inv.

JIPL IN L Sales tax inv.

JSER IN: Service tax

JSVD IN:Service tax debit

Kindly advice further...

[Former Member · Accepted solution]

Hi

I think it should be JIPL IN L Sales tax inv. (L Sales tax - local sales tax.)

If you are using this for old sales tax and don't want to use this, then you have to create another condition type like ZVAT and include this next to this L Sale s tax in your tax procedure.

Thanks & Regards

Om

[sagar_kapadia · Accepted solution]

Hi Om,

Appreciate your prompt response...

However, the account key defined against that is

NVV Non-d.input tax dist

or do I need to change the Key to MWS (Output Tax) assigned in the Tax Procedure?

Correct me if i am wrong.... since i am checking for output tax....

Kindly advice....

[Former Member · Accepted solution]

Hi Sagar,

You are correct, it should be output tax account key i.e.MWS

Thanks & Regards

Om

[sagar_kapadia · Accepted solution]

Thanks OM....

I changed the key to MWS and it allowed me to select the required GL account that was assigned in OB40 to key MWS.

Thanks for the input... Problem resolved.