20 Replies Latest reply: Mar 27, 2012 7:54 AM by p m RSS

cin-configuration

b satya prasad
Currently Being Moderated

Dear top contributors,

 

 

I gone through your suggestions in SAP SDN.COM. Thanks for sparing your valuable time in making understanding things.

 

I'm not able understand how the tax entries are posted in the system.

 

In my company we are using tax procedure taxinj.

 

suppose I'm posting an entry for bank charges I'm selecting vs condition type for service tax.

 

then system automatically debits service tax recievable account

 

and education cess on service tax recivable account.

 

the entry is like this.

 

40  43001064 BANK CHARGES & COMM.    1,475.00 INR VS   

 

40  28021102 SER TAX RECEIVABLE             177.00 INR VS   

 

40  28021104 E-CESS -SER TAX RECE              3.54 INR VS  

 

50  13006151 SCB-FORT-CCCL                    1,655.54- INR    

 

How the configuration done to carry these service tax and e.cess to be detited automatically with respective percentage.(what is the logic to debit for input taxes and credit for output taxes)

 

If you have any notes please send me the detailed config steps of cin also.

 

thanks for your good help.

 

I'm posting the same in sdn also.

 

please send the notes and suggestions to my yahoo id.

 

satya2000@yahoo.com

 

with best regards

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