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Former Member
Apr 16, 2008 at 08:00 PM

Tax amount problem

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Hi Experts,

I have a requirement like this. We have created 3 tax codes

I0---- Zero tax

V1---- Vendor charges the tax 10%

U1----Vendor not charges the tax but company pays 10% to Govt.

For U1 tax code ---For PO of 100 USD for a material with 1 Qty means 10% tax on 100

In GR System should update

Inventory Stock A/c---110 USD Dr

GR/IR Account -


110 USD Cr

In MIRO

Vendor account -


100USD Cr

GR/IR clearing -


110 USD Dr

Used tax a/c----


10 USD Cr

For V1 Tax code-- For PO of 100 USD for a material with 1 Qty means 10% tax on 100

In GR the system updates

Inventory stock account---- 100 USD Dr

GR/IR Clearing account --- 100 USD Cr

In MIRO

Vendor account -


110 USD Cr

GR/IR Clearing a/c ---100 USD Dr

Expense/material a/c- 10 USD Dr

I am facing the problem here the system i checked in all ways here that system is not crediting the expense/material a/c if we select the used tax .

I checked in OBCN all the matching but not find the solution

Please check at your end how to achieve this.

Rgds

Swamy

Edited by: Swamy G S on Apr 16, 2008 10:02 PM