A solution for Indian GST implementation for simple procurement scenario using TAXINN

 --> GST has two types

--> intra state - CGST / SGST

--> inter state - IGST 

--> we have five slabs - 0%, 5%, 12%, 18%, 25%

--> two type sof TAX - Purchase and Sales

--> Purchase Tax is called Input Tax

--> Sales Tax is called Output Tax

--> when we Purchase a product from vendor it is called Input Tax

--> when a person send goods will give bill+tax pay is calle Output Tax

--> Define Condition types- (OBQ1) 

MWVS - Input Tax

MWAS - Output Tax

Input Condition Type Output Tax

MWVS MWAS

CGSI CGSO

SGTI SGSO

IGSI IGSO

--> Creation of GL account for GST - (FS00)

Create GL account for Input Tax and Output Tax 

Note: Tax Category for Input Tax is -VE and Output Tax is +VE

--> Create Tranction Event Key for Taxes - (OBCN)

Input Transcation Event key Output transction Event Key

VST MWS

CGI CGO

SGI SGO

IGI IGO

--> Assignemt of Transcation Key to GL Account - (OB40)

 Posting Key - Debit - 40 , Credit- 50

--> Create Tax Procedure- (OBQ3)

Fill 16 steps required fields in procedure and save.

-->Assign Tax Procedure to Country- (OBBG)

--> Creation of Tax Codes - (FTXP) 

Input Tax and Output Tax

Regards

SAP-MM4U