What is 'excise tax' in SAP AP-TTE - CRM Transaction Tax Engine?

excise tax - Overview

• Component: AP-TTE

• Component Name: CRM Transaction Tax Engine

• Description: A tax category describing tax on the manufacture or sale of certain domestic or imported products. Excise tax is usually charged on products such as oil, tobacco, or alcohol. It is usually levied on a particular basis such as weight, volume, or on profits made on sales.

excise tax - Details

• 
  Key Concepts: 
  Excise tax is a type of indirect tax imposed on certain goods and services. It is typically levied by the government on the production, sale, or consumption of certain goods and services. In SAP, excise tax is managed by the AP-TTE CRM Transaction Tax Engine component. 
  
  How to use it: 
  The AP-TTE CRM Transaction Tax Engine component in SAP allows users to manage excise taxes. It provides a comprehensive set of features for calculating, collecting, and reporting excise taxes. It also allows users to configure tax rules and rates for different types of excise taxes. 
  
  Tips & Tricks: 
  When configuring the AP-TTE CRM Transaction Tax Engine component in SAP, it is important to ensure that all tax rules and rates are up-to-date and accurate. This will help ensure that all excise taxes are calculated correctly and reported accurately. 
  
  Related Information: 
  For more information about the AP-TTE CRM Transaction Tax Engine component in SAP, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information about excise taxes and how to manage them in SAP.