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Author's profile photo Former Member

Posting Invoice with different FX Rate for GST Tax Line Item in SAP

Note: this document is relating to singpore tax invoice postings in FI

some cases invoices received in foreign currency. but, GST amount should be posted and reported in SGD only. if customers or clients using SAP reporting currency (Local Currency: SGD) in this case there will not be any affect in GST amounts will be calculated correctly.

some customers using Local Currency other than SGD, in this case if tax invoice in foreign currency (other than SGD) but, fixed exchange rate for GST will be advised in Tax Invoice seperately.

while posting invoice using  FB60 system will determine exchange rate based on exchange rate determination settings. but, the challange is to maintain different exchange rate for GST line item correctly.

For Eg:-

  

Business Eg.jpg

 

   Define Accounts for Exchange Rate Difference Postings

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Maintain GL Account for Exchange gain or loss posting relating to TAX

Acct Determination.jpg

Posting entry using FB60

FB60-Tax Tab.jpg

FB60-LC Tab.jpg

FB60-DocOverview.jpg

system will post realized exchange rate for GST line seperately for reporting.

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      Author's profile photo sreehari tokala
      sreehari tokala

      HI Srinivas,

      Nice Explanation. and can you give me the Witch are use full reports on Taxes.

      Author's profile photo Former Member
      Former Member

      do we any thing similar to this in sales cycle