Rebate Settlement Post GST

[former_member207286]

We have come across an issue for Rebate Settlement Post GST and need your expertise guidance on the way forward.

Problem Description:

Our client wants to gives Volume Discount and to achieve the same, we have suggested and incorporated Rebate Agreements for the same.

Standard Methodology:

As per standard SAP, the amount gets accrued with each invoice raised and when Rebate Settlement is executed, if the customer qualifies, a single credit memo is generated for all the invoices with the accrued amount.

Client Requirement:

It is mandate as per GST, to have a one to one relationship for invoice and credit memo, i.e. for each invoice credit memo needs to be generated.

I would request you all, kindly let me know a way forward or suggest me, how it has been handled in your engagements/projects post GST.

[phanikumar_v3]

****It is mandate as per GST, to have a one to one relationship for invoice and credit memo, i.e. for each invoice credit memo needs to be generated*****

Please recheck with your business team on this.(Not a GST deprived rule-may be some gap in understanding the GST Law)

Note:If a customer got 10K Sales invoices-Business cant provide 10K credit notes on one to one basis.

GST asks *If a credit/debit note raised -What is the Reference document*-Nothing more than this.

Please confirm this to us..

Phanikumar

[former_member207286]

Dear Phanikumar,

During Rebate Settlement, credit memo is created for the accrued amount of all invoices but as rightly stated by you, for each credit memo, there needs to be reference document which is this case happens to be multiple invoices, hence the standard solution of SAP does not fits the requirement.

I hope i was able to make my requirement clear.

Do let me know in case of further clarifications.

Thanks & Regards,

Md Faiz Abbas.

[phanikumar_v3]

****for each credit memo, there needs to be reference document which is this case happens to be multiple invoices****

Where they want this reference document(i mean, they want in the Credit note print or any GST registers-Just confirm with business heads...)

Both the cases-you can always do that with a Text in Billing documents..

Phanikumar

[Lakshmipathi]

You can very well corelate the source document in billing document via VBRP-VGBEL