Solution : https://service.sap.com/sap/support/notes/822347 (SAP Service marketplace login required)
Summary :
This SAP Note outlines the necessary adjustments and enhancements to the TAXINN tax procedure in response to VAT legislation changes effective from April 2005, particularly for India. It details the introduction of new tax condition types for both sales and purchasing processes, emphasizing conditions that facilitate the transition to VAT systems. Modifications include defining these new conditions in the configuration settings and assigning specific transaction/account keys and G/L accounts for accurate tax categorization and reporting. The note prioritizes settings needing revisions, marked as 'TY2005', and advises capturing these in separate requests to ensure compliance with the updated legal requirements.
Key words :
capital goods cis - client independent setting overviewa set, sales/purchases - basic settings- check calculation procedure - define condition types, distribution > basic functions > pricing > pricing control > maintain condition types, img - financial accounting - financial accounting global settings - tax, img > financial accounting > financial accounting global settings > tax, sales/purchases > basic settings > check calculation procedure > define procedure, distribution > basic functions > pricing > pricing control > define, img > financial accounting > general ledger accounting >, img > financial accounting > general ledger accounting>, create gl accounts > create gl account manually
Related Notes :
| 834022 | Incorrect Alternate GL Acoount Determination in SD(TAXINN) |
| 818732 | Master Note for VAT 2005 |