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Tax Account - Tax code is for Input tax or Output tax

19 Apr 2008 3:58 am || 0

In ob40, you can assign Tax GL accounts against respective tax codes.For this you have to tick tax codes under rule in OB40 for the accounting processing keys.
And while creating tax codes, you have to derfine whether the code is for input tax or output tax by selecting V or A. From there the system derives whether the tax code is for input tax or output tax.