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    1) Create Condition Table: Tax Procedure Configuration For GST

    Uploaded by

    Venkata Ch
    This document outlines the steps to configure tax and pricing procedures for GST in India, including: 1. Creating condition tables for materials and services by transaction type, region, and tax codes. 2. Creating access sequences to determine the order of tax condition evaluation. 3. Creating condition types for the different GST taxes (Central GST, State GST, Integrated GST). 4. Creating accounting keys to define how GST taxes will be accounted for. 5. Updating tax and pricing procedures to incorporate the new GST tax conditions and accounting.

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    1) Create Condition Table: Tax Procedure Configuration For GST

    Uploaded by

    Venkata Ch
    129 views9 pages
    This document outlines the steps to configure tax and pricing procedures for GST in India, including: 1. Creating condition tables for materials and services by transaction type, region, and tax codes. 2. Creating access sequences to determine the order of tax condition evaluation. 3. Creating condition types for the different GST taxes (Central GST, State GST, Integrated GST). 4. Creating accounting keys to define how GST taxes will be accounted for. 5. Updating tax and pricing procedures to incorporate the new GST tax conditions and accounting.

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    This document outlines the steps to configure tax and pricing procedures for GST in India, including: 1. Creating condition tables for materials and services by transaction type, region, and tax codes. 2. Creating access sequences to determine the order of tax condition evaluation. 3. Creating condition types for the different GST taxes (Central GST, State GST, Integrated GST). 4. Creating accounting keys to define how GST taxes will be accounted for. 5. Updating tax and pricing procedures to incorporate the new GST tax conditions and accounting.

    Copyright:

    © All Rights Reserved
    Download as ODT, PDF, TXT or read online from Scribd
    Download as odt, pdf, or txt
    129 views9 pages

    1) Create Condition Table: Tax Procedure Configuration For GST

    Uploaded by

    Venkata Ch
    This document outlines the steps to configure tax and pricing procedures for GST in India, including: 1. Creating condition tables for materials and services by transaction type, region, and tax codes. 2. Creating access sequences to determine the order of tax condition evaluation. 3. Creating condition types for the different GST taxes (Central GST, State GST, Integrated GST). 4. Creating accounting keys to define how GST taxes will be accounted for. 5. Updating tax and pricing procedures to incorporate the new GST tax conditions and accounting.

    Copyright:

    © All Rights Reserved
    Download as ODT, PDF, TXT or read online from Scribd
    Download as odt, pdf, or txt
    of 9

    Tax Procedure Configuration for GST

    1) Create Condition Table


    These condition table combinations are for user reference with the help of these and you create your
    own condition table as per your business requirement.

    Create Condition Table for Material


    Transaction code: M/05
    Method 1: Dest. Ctry/Region/PlntRegion/GST Class./Tax ind./Ctrl code/Tax code

    Method 2: Region/PlntRegion/GST Class./Material/Tax code

    Create Condition Table for Services


    Transaction code: M/05
    Method1: Region/PlntRegion/GST Class./Activity/Tax code
    2) Create Access Sequence
    Transaction code: OBQ2

    Create Condition Type


    Transaction code: OBQ1

    Create Central GST condition type

    Create State GST condition type


    Create Integrated GST condition type

    Create State GST Non-deductible condition type

    Create Central GST Non-deductible condition type

    Create Integrated GST Non-deductible condition type


    Create Accounting key
    Transaction code: OBCN

    Central GST

    Integrated GST

    State GST

    5) Update tax procedure - TAXINN


    Transaction code: OBQ3
    Note: This is an illustration of GST conditions only, steps may vary from actual,
    GST conditions should get calculate on BASE condition, for Non-deductible conditions use standard
    non-deductible accounting key “ NVV” or your own accounting key

    6) Maintain tax percentage rates


    You may maintain the tax percentage rates using transaction code FV11, either based on the proposed
    access sequence or your own access sequence.

    Pricing procedure configuration for GST


    1.Create Condition table
    Transaction code: V/05

    Create condition table for material


    Method1: Country/PlntRegion/TaxCl1Cust/TaxCl.Mat/Region/Ctrl code

    Method 2: PlntRegion/Region/TaxCl1Cust/Material
    Create condition table for services using transaction code V/05
    Method 1: PlntRegion/Region/TaxCl1Cust/Activity

    2.Create Access sequence


    Transaction code: V/07

    3.Create Condition types


    Transaction code: V/06
    Create output Central GST condition type

    Create output State GST condition type


    Create output Integrated GST condition type

    4.Create Accounting key


    Transaction code: OV34

    Create sales accounting key for Central GST, Integrated GST and State GST

    5.Update Pricing procedure – JINFAC


    Transaction code: V/08
    Note: This is an illustration of GST conditions only, steps may vary from actual, GST conditions
    should get calculate on BASE condition
    Note: This document is a draft, and provided as a courtesy. This document is not to be considered final,
    and all information contained herein is subject to change. As such, this document is not to be quoted,
    cited in any reference, or used by anyone for any purpose other than as a draft document.

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