miro(inclusive of excise)

[Former Member]

hi friends..

i have a doubt, i changed the base amount and done the miro,

if vendor base amount including excise is 1000, and vat is 40, and total including vat is

1040, which should be paid to vendor, but if excise is 100, we have to change base amount to 900 at the time of miro and post, but at miro the amount to be paid to vendor shows 940, how accounts will come to know that payment is done 1040 but in miro it is showing 940...

please guide..

thanks in advance..

[Former Member]

closed, not answered

[Former Member]

dear sir

the invoice in Dealer invoice correct.

in that case in MIGO have to change the base value and give excise duty. and Clicked the MRP Indicator.

then in miro change the base value , click the calculate tax indicator , it will calculate the correct.

regards

jrp

[Former Member]

Hi,

The Accounting documents will definitely show the total amount to be paid to the vendor. In your case you have changed the base amount and based on the tax code the system will calculate the excise duty and the VAT amount. But the total amount payable to the Vendor is inclusive of everything and it will reflected in the accounting documents. In the MIR4 dispaly document the tax amount and the base amount will be diplayed.

Regards