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    Central Taxes State Taxes: The List of Taxes Which Will Be Eliminated Are

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    kiranpatnaik
    Here are a few additional steps I would recommend for setting up GST for sales billing in SAP: 1. Define tax jurisdictions (country, state codes etc.) in transaction OTW1. This will be used to determine IGST/CGST/SGST rates. 2. Define tax calculation schemas in transaction OTW2. This defines the tax rules like whether tax is calculated on net or gross amount etc. 3. Assign tax calculation schema to customers/materials in transactions OVK3 and OVK4. 4. Define tax codes in transaction OVK1. Assign tax types like GST, IGST etc. 5. Define tax procedures in transaction OTW4. This defines the

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    Central Taxes State Taxes: The List of Taxes Which Will Be Eliminated Are

    Uploaded by

    kiranpatnaik
    21 views6 pages
    Here are a few additional steps I would recommend for setting up GST for sales billing in SAP: 1. Define tax jurisdictions (country, state codes etc.) in transaction OTW1. This will be used to determine IGST/CGST/SGST rates. 2. Define tax calculation schemas in transaction OTW2. This defines the tax rules like whether tax is calculated on net or gross amount etc. 3. Assign tax calculation schema to customers/materials in transactions OVK3 and OVK4. 4. Define tax codes in transaction OVK1. Assign tax types like GST, IGST etc. 5. Define tax procedures in transaction OTW4. This defines the

    Original Description:

    GST Knowledge Update (still need to modify)

    Original Title

    GST Knowledge Update

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    Here are a few additional steps I would recommend for setting up GST for sales billing in SAP: 1. Define tax jurisdictions (country, state codes etc.) in transaction OTW1. This will be used to determine IGST/CGST/SGST rates. 2. Define tax calculation schemas in transaction OTW2. This defines the tax rules like whether tax is calculated on net or gross amount etc. 3. Assign tax calculation schema to customers/materials in transactions OVK3 and OVK4. 4. Define tax codes in transaction OVK1. Assign tax types like GST, IGST etc. 5. Define tax procedures in transaction OTW4. This defines the

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    21 views6 pages

    Central Taxes State Taxes: The List of Taxes Which Will Be Eliminated Are

    Uploaded by

    kiranpatnaik
    Here are a few additional steps I would recommend for setting up GST for sales billing in SAP: 1. Define tax jurisdictions (country, state codes etc.) in transaction OTW1. This will be used to determine IGST/CGST/SGST rates. 2. Define tax calculation schemas in transaction OTW2. This defines the tax rules like whether tax is calculated on net or gross amount etc. 3. Assign tax calculation schema to customers/materials in transactions OVK3 and OVK4. 4. Define tax codes in transaction OVK1. Assign tax types like GST, IGST etc. 5. Define tax procedures in transaction OTW4. This defines the

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    of 6

    There will be no longer the need for the most complicated part of indirect taxes--

    the CENVAT credit rules because the multiplicity of central and state indirect taxes
    will be subsumed in only three taxes: SGST and CGST will be levied on intra-state
    supply of goods and services and IGST (to center) for inter-state supplies.
    The list of taxes which will be eliminated are:

    Central Taxes State Taxes

    Central Excise Duty Value added tax


    {Including Additional Excise
    Duties, Excise Duty under the Octroi and entry tax
    medical and toilet
    preparations (Excise duties Purchase tax
    ) Act 1955 }
    Luxury Tax
    Service Tax
    Taxes on Lottery, Betting and
    Additional Customs Duty (CVD) Gambling.

    Special Additional Duty of States CESSES and surcharges


    Customs (SAD)
    Entertainment tax (Other than
    Central Sales Tax (levied by the tax levied by the local
    the center and collected by bodies)
    States)
    Central Sales Tax (Levied by
    Central Surcharges and central and collected by
    CESSES (relating to supply of States)
    goods and services)

    Input SGST will be available for set of against output SGST and output IGST. (Not
    against CGST). Also, cross-setoff is also allowed i.e., between goods and services.
    Input CGST will be available for setoff against output CGST and output IGST. (Not
    against SGST). Also, cross-setoff is also allowed i.e., between goods and services.
    Input IGST is allowed for setoff against output IGST, CGST and SGST.
    Output TAX

    SGST CGST IGST


    Input TAX

    SGST Yes No Yes

    CGST No Yes Yes

    IGST Yes Yes Yes


    SAP MM
    SAP Material Management with all sap applications

    Sunday, September 25, 2016

    GST impact on SAP MM SD and FI


    As we know GST will be with effect from 1 April 2016 in India. As a SAP functional consultant/ Manager,
    user. We should know about which is impacted areas.

    SAP Materials Management (Procure to Pay)


    Purchase Info Records
    Material/Service Master
    Purchase orders, Invoices
    Subsequent Credit /Debit, Debit/Credit Notes

    Master Data
    SAP FI, SD, MM, G/L Master
    Vendor Master
    Customer Master

    SAP Sales & Distribution (Sales Order to Cash)


    Sales Orders, Invoicing
    Distribution Channels & Sales areas
    Pricing (Types of Conditions)
    Billing Schedules, Delivery
    Debit/Credit Notes

    SAP Financial Accounting


    Accounts Payable and Receivables
    Invoicing (Non-PO)
    Management of Master Records
    Billing (Non-SO)
    Petty Cash
    Invoices and Credit Notes
    General Voucher
    G/L Account

    SAP Forms & Reporting


    Other Statutory Reporting
    G/L Account Reporting

    Goods and Service Tax Structure:

    CGST: Central GST


    SGST: State GST

    Example of GST Invoice:

    Vendor Invoice received as

    Net Price: 100 (if freight applicable need to be include)


    20% GST divided as 10 % CGST and 10% SGST
    10% CGST of Net Price: 10
    10% SGST of Net Price: 10
    Total=100+10+10 = 120

    Deal all please post your query, i will try to resolve as per my best level.

    you can follow the below steps for GST India Implementations.

    1. OSS Note : 1175384 Minimum Support Pack to obtain Support for legal Change in india Logistics
    and indirect Tax (CIN)

    2. OSS Note : 2167294 : DDIC Change

    3. OSS Note : 2153807 Improvement in Tax Code Update Program for PO/ SLA and Contracts

    4. OSS Note : 2161911 : Purchase Order / Invoice Display or Cancel Issue

    5. OSS Note : 2014164 : TAXINJ to TAXINN Migration.

    6. OSS Note : 2252781 : FAQ on Tax Procedure Migration for TAXINJ to TAXINN.

    Hope this will offer your a clear picture for implementing the India GST.
    I may have missed some steps on how to configure GST for my Sales process. Anyone that has
    inputs, please advice.

    1. Setup tax types in transaction OVK1. Since the SAP pricing determines the taxes automatically
    within pricing. I would also need to setup pricing in my procedure which I will cover in the later steps.

    2. Assign the plant for Tax Determination in OX10,

    3. Define the Customer Taxes in OVK3, which will maintain the tax code in Customer Master.

    4. Define the Material Taxes in OVK4, which will then be maintain in Material Master.

    5. Copy condition MWST to GST1.

    6. Assign GST1 to pricing procedure, create/ assign new access sequence.

    7. Copy account key MWS to GST.

    8 Assign GL account using account Key GST, link to GL account.

    Now question for my question:

    1. Any steps I missed above?

    2. Any steps that are wrong?

    3. Assuming that the my customer material combination below, GST1 should appear in my pricing
    condition with 4% when customer, material = 1.

    4. Anyone has a better approach in setting up GST for sales billing process?

    Customer Taxes Material Taxes Rate Taxes

    114%

    000%

    010%
    100%

    All feedback welcome. thanks.

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