Scribd
Upload
22 views

13 Taxation - GST Implementation

Uploaded by

Jayesh Karkar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
22 views

13 Taxation - GST Implementation

Uploaded by

Jayesh Karkar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 9

GST IMPLEMENTATION IN SAP FICO

(TAXATION)
Step 1. Create Condition Type [T-CODE :- OBQ1]
Copy from MWAS – OUTPUT TAX
Copy from MWVS – INPUT TAX

Enter & save


====================================================
Step 2. Create Accounting Key [T-CODE :- OBCN]
Copy from MWS – OUTPUT TAX
Copy from VST – INPUT TAX

Enter & save.


=================================================
Step 3. Define Tax Procedure [T-CODE :- OBQ3]
Path :- SPRO=>SAP REFERENCE IMG=>Financial Accounting
(New)=> Financial Accounting Global Settings (New)=> Tax on
Sales/Purchases=>Basic Settings=>Check Calculation Procedure
click on IMG activity
Double click on Define Procedures
Click on New Entries
Enter procedure code & Description as per requirement.

Enter & save.


Select the row of ZSIPRO (TAX PROCEDURE)
Double Click on Control Data folder
Click on New Entries
Enter & Save.
====================================================
Step 4. Assign Tax Procedure In Country [T-CODE :- OBBG]
Path :- SPRO=>SAP REFERENCE IMG=>Financial Accounting
(New)=> Financial Accounting Global Settings (New)=> Tax on
Sales/Purchases=>Basic Settings=>Assign Country to Calculation
Procedure
Click on IMG activity
Click on Position
Enter Country - IN
Enter & Save.
====================================================
Step 5. DEFINE TAX CODE FOR SALES AND PURCHASE [T-CODE :- FTXP]
Path :- SPRO=>SAP REFERENCE IMG=>Financial Accounting (New)=> Financial Accounting
Global Settings (New)=> Tax on Sales/Purchases=>Calculation => Define Tax Codes for
Sales and Purchases
Click on IMG activity
Enter Country – IN
Enter

Enter
Enter Tax % (As per Requirement)
Enter & Save.
======================================================================
Create Input Tax Code : [T-CODE : - FTXP]
Enter country – IN & Tax code
Enter
Enter details in properties window

Enter
Enter Input Tax %
Enter & Save.
======================================================================
Step 6: Create G/L For accounting : [T-CODE : - FS00]
Sr.No. A/C No. A/c Description Field Status T-CODE
Group
1. 104 Output Tax 18% G001 FS00
2. 105 Input Tax 18% G001 FS00
3. 106 Tax Payable A/c G001 FS00

Step 7. Define Tax Accounts [T-Code: OB40)


Path:- SPRO => SAP Reference IMG => Financial Accounting => Financial Accounting
Global Settings => Tax on Sales/Purchases => Posting => Define Tax Accounts
Click on IMG Activity
Double Click on Required Transaction: Z01 , Z02 (Output Tax a/c 104)
Double Click on Required Transaction: Z04 , Z05 (Input Tax a/c 105)
(Save All Data As per requirement with Posting Key 40- debit 50 - credit. )
Assign Tax accounts to required transaction (Z01, Z02/Z04,Z05)
Note : - Make Some Changes in Sales & Purchase A/c in control data (insert tax
category * all tax type allowed)
======================================================================
1. Make Sales Invoice: FB70
======================================================================
2. Make Purchase Invoice: FB60

======================================================================
Pass G/L Entry in FB50 for tax payable

Pass G/L Entry in FB50 for tax payment

Enter & Save.


======================================================================
Data pick up from FS10N

Output tax 7627.12 Dr


Input tax 6101.70 Cr
Tax Payable 1525.42 Cr

You might also like