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VAT Adjustment with Discount in Customer Payment

Hello,

The system is adjusting VAT amount with discount in customer payment when posted using an electronic bank statement.

11120101 BA 1 Cust. transf.in 1.043,92 21710100 Cash disc.cl.to accr 7,48 58110000 Realized F/X loss 0,00 21644031 Output tax pay. (VAT 1,57 500039452 De Kweker BV 1.052,97-

As per customer, the entire amount should go to GL 21710100 and no VAT adjustments line item should be generated. In this case GL 21644031 should not be posted to. Kindly advise.

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3 Answers

  • Best Answer
    Oct 01, 2015 at 01:39 PM

    Hello All,

    The issue has been resolved by making the Tax Category as Blank in Discount GL master data. Thanks all for your valuable inputs and help.

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    Former Member
    Oct 01, 2015 at 08:42 AM

    Hi Sagar,

    In global parameters for your company code (OBY6), you have two indicators:

    • Tax base in net value
    • Discount base is net value

    These indicators controls the way taxes and discounts are calculated. Depending of the country, you may have to activate none, one or both indicators.

    Check if these settings are properly maintained for your company code.

    Good luck

    Th.

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  • Oct 01, 2015 at 08:44 AM

    Hi Sagar,

    Have you maintained tax code in the cash discount GL master data?

    Regards,

    Mukthar

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    • Hello Mukhtar,

      Thanks for the response. However, if I use '*' in Tax category, how will that prevent creation of below line item. Or leaving the field Tax category blank will serve the purpose and resolve the issue?

      21644031 Output tax pay. (VAT 1,57