on 01-05-2018 7:57 AM
Dear Experts,
We have a requirement in the construction field industry which is to hold the retention amount excluding VAT. The example below will explain the already mentioned case . Example : Invoice amount in 1000 AED ,
VAT 5%= 50
Retention = 10%
At present SAP with standard configuration, will retain AED 105 (100+5% VAT) and pay the Vendor AED 945 (900 + 5% VAT)
Service= AED 1,000
VAT 5% - AED 50
Net Amount = AED 1,050
The net Amount would be split in 2 as: AED 945 current and AED 105 retention amount.
The new Requirement :
The vendor account should be credited with 945 AED. (900 + VAT 45) and we will retain 100 AED .
Service= AED 1,000
Less Retention = AED 100
Gross Amount = AED 900
VAT 5% - AED45
Net Amount = AED 945
Please advise about this new requirement and how it can be achievable .
Thanks ,
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