VAT on imports

[Former Member]

Dear All,

Our scenario as described below,

VAT on imports purchase:

Purchase Order Conditions: ME21N

Conditions Amount Vendor

Gross Price 100 import vendor-1

Surcharge 5% import vendor-1

Custom Charges 20 custom vendor-2

Subtotal 125

VAT 18% on subtotal 22.5 custom vendor-2

Case-1-VAT as delivery cost

Required Accounting entries during goods receipt (MIGO)

Stock DR 147.5

GR/IR Clg 105

Custom Clg 20

VAT Clg 22.5

Wrong posting to stock account

Required Invoice for custom vendor-2 (MIRO)

custom vendor-2 CR 42.5

Custom Clg DR 20

VAT Clg DR 22.5

Invoice for import vendor-1 (MIRO)

import vendor-1 CR 105

GR/IR Clg 105

Case-2 VAT as Tax code

Required Accounting entries during goods receipt (MIGO)

Stock DR 125

GR/IR Clg 105

Custom Clg 20

Required Invoice for custom vendor-2 (MIRO)

custom vendor-2 CR 20

Custom Clg DR 20

Invoice for import vendor-1 (MIRO)

import vendor-1 CR 123.9

GR/IR Clg 105

VAT on import 18.9

Wrong posting to vendor account

For the above scenario,

- System includes the VAT amount to stock account in case configured as delivery cost condition

- System post VAT to import vendor in case configured as tax code

-

Our requirement is that, VAT should not post to Stock account and also should be updated in VAT on imports deductable account with correct amount.

System does not provide any standard solution to account VAT during imports.

Please help!

[Former Member]

We are facing with the same problem.. did you find the solution?