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Jun 20, 2016 at 10:31 AM

Deferred Input VAT Item from Migration Handling

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Dear Experts,

We need your advice on how to handle Deferred Input VAT items that were carried from Migration.

In our country, we cannot convert deferred input vat to input vat until we receive tax invoice document from suppplier, i.e. this step should occur after we made the payment.

Hence, there exists the balance of Deferred Input VAT from Previous Period, which we migrated from the legacy system using Direct Journal Posting.

In this period, we received the tax invoice document. Hence, we would like to convert the deferred into input, i.e.

Dr. Input VAT 100

Cr. Deferred Input VAT 100

manually and make sure that this journal will also go to Tax Return.

What would be the most appropriate actions? I am afraid that with manual JV posting alone, the system will not consider this journal as tax journal.

Thank you so much.