double taxation in po
hi allin a po tax is entered item wisebut i want to add 2 tax on one item. is double taxation possible. how can i do this?for eg. gross price of material is 100rstax1- 10% of gross pricetax2- 5% of...
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Hi Kriti, The answer is no. You cannot have two taxes (tax codes) on one item. What you can do, is use a tax code with a proper calculation scheme that lets you calculate these taxes. That is what we...
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Create a new tax code with both percentage. Then use this new tax code.The tax code field is 1:1 as per line item.
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i dont want a new tax code..i want flexibility of adding two taxes on one item..if i make a tax code that will work for only a particular combination of taxes for eg. i make a tax code z1 for 10% +...
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Hi,Create two condition types for tax1 for tax1 properties and tax2 for tax2 properties. Now create one tax code as TX(FTXP) and create tax condition record(FV11) by keeping condition types tax1...
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Hi, you can enter in the condition records mek1 of the material and also you can add the conditions for taxes hope this will help you Thanks
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You can not have two tax codes for One PO line item. Ratio is 1:1. But, if PO is Freight inclusive and the freight vendor charges you the service tax, then you can change the tax code directly during...
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Hi,Double taxation is not possible, please create tax code for one tax combination and use condition record for another tax combination. But ensure that business is not availing tax credit for second...
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Dear Kriti,kindly clarify the another 5% is a kind of surcharge? Regards,Ranjit Singh
View ArticleRe: double taxation in po
Hi Kriti, You cannot have two taxcodes for a line item in a PO. You may maintain the two conditions for tax1 and tax2 as manual entries, this will give you the option of entering the % values each...
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