10-15-2014 11:39 AM
Hello team,
I have one doubt regarding GL accounts maintained in tax code & GL account maintained per excise transaction.
I am configuring TAXINN procedure in system . As I understand tax rate calculates based on conditions rate in tax codes.
We are maintaining GL account in OB40 transaction.
But again i saw GL accounts to be maintained in "specify GL accounts for excise transaction" .
Can anybody tell me difference between thiis 2 entries? If we are maintaining GL aacounts in OB40 then why it is necessory to maintain Gl account in
"Specify GL accounts for excise traansaction" ?
If i do not maintan GL account there then what will be the impact.
Please clerify.
Prashant
10-15-2014 12:32 PM
Hi Prashant,
If you set Non-deductible indicator in OBCN against your particular account key, tax amount will be added to material cost. And if you set posting indicator as 3 it will post to separate account during MIRO.
You maintain separate account in OB40, if you need to show it as separate line item (example for vat conditions)
Its for capturing accounts like VAT accounts to separate G/L account.
Specify GL accounts for excise transaction"
Example for import process you will be maintaining BCD-Basic Excise Duty AED-Additional Excise Duty
CVD-Countervailing Duty.
These things you will be captured in J1IEX_C - Capture Excise Invoice. RG23A Part -I Part-2. every excise transactions will be captured if you maintain G/L account here.
Its for capturing Excise duties such as BCD,AED SED to separate G/L account
Regards
Subbu.
10-15-2014 12:40 PM
10-21-2014 3:09 PM
Hello Both Thanks,
Is it means in OB40 , only VAT / CST/ Service tax related GL accounts can be maintained?
If yes, only if it is to be added in material cost ? then where to maintain GL accounts for
VAT/CST/Service tax in case of availing credit on it.
Prashant Keluskar.
10-23-2014 12:58 PM
Hi Prashant,
You cannot avail credit on CST VAT & service tax. Either it will go to material account or it ll be calculated separately based on deductible or non-deductible which you ll maintain in OB40.
You can avail cenvat credit based on G/L account which you are giving in
Specify GL accounts for excise transaction"
Check this link
http://wiki.scn.sap.com/wiki/display/ERPLO/Copy+of+CIN+Configuration
Regards
Subbu.
10-22-2014 9:19 AM
Hi Prashant,
Normally when there is a Tax condition types - Sales tax, Central sales tax, Service tax(i.e Condition class - D & condition category - D taxes) system always fetches the G/L from OB40 with the combination of tax code. Specify GL accounts excise transaction is only for central excise related G/Ls & Condition class for this C.types is discount or surcharge. E.g The G/Ls will be determined when you post a excise invoice where as in case of taxes they are determined at the time of posting billing document.
Regards,
S.Himavanth.