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Former Member
Sep 20, 2007 at 04:11 AM

VAT calculation is wrong!!



Its concerned to Indian Excise.


1)Tax code contains only 4% VAT & other excise duty is added manually in PO conditions.

2)In PO, VAT Calculation is correct

3)During invoice verifiavtion with ref to PO,Assessable values are flowing to MIRO for all line items of PO.

<b>Error:</b> when appropriate tax code is selected (Only 4% VAT) for each line item in MIRO,VAT value which is being calculated is not exactly equals to 4% instead its diiferent for each line items like 4.19%,4.74%,4.09% and 4.37%.

Can you pls advise,what is reason for this small difference in VAT calculation.