SALES TAX PROCEDURE

SALES TAX PROCEDURE

General ledger, Accounts payable, Accounts receivable and  Assets accounting

Basic

Excise

VAT /CST

To do normal posting also, sales tax procedure is required.

A)   Create procedure

B)   Create tax codes

C)   Create accounts

D)   Design accounts

Assign for country in-tax US ( Sales tax USA)

                                    Tax IN (sales tax India) Temporary assignment

For our company any code: Country IN

Note the path this one

SPRO-Financial accounting –Financial accounting global settings-Tax on sales / Purchases - Basic settings - Assign country calculation procedure

Select position button

Give the country IN for India

Enter

For country IN assign procedure TaxUS

Sales Tax – USA

Select save button or Ctrl+S

Press enter to save in your request.

Assign company code to field status variant

Assign company code to field status variant :

Path: SPRO-Financial accounting-Financial accounting  Global settings-Document – Line time-Controls-Assign company code to field status variants.

Select position button

Give the company code      :AML

Enter

For company code               :AML

Assign field status variant :AML

Select save button or Ctrl+S

Press enter to save in your request