on 03-31-2009 11:23 AM
Hi all,
How can I create a PO, with including tax amount?
for exmp: quantity 100, cost each 9. total 990, which includes tax 90.
How can I post a po with the following values??
Hi,
In PO after entering the line item price , go to invoice tab in PO item details and select the required tax code and save. IN MIRO , it can be captured.
Regards
Ram
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Hi,
You want to show the Purchase Order price inclusive of tax,this is not a right practise .This will create problems for the accounting department at time of reconciliation.
So better way is select a Tax code & create PO for the same.
AMIT
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Hi,
I am not sure what you want to ask?
If you asking whether we can have the price inclusive of tax (Probably supplier is giving you the material including tax) and do not want to show it as tax in the PO then it is not correct to do it.
For Exp: if the actual price is 9 and tax is 0.9 (10%), you should not show the item price as 9.9 and No tax in the PO.
This will create a problem for your accounts people as they will not be able to understand what is tax amount.
Best way is to Show the tax by selecting the 10% tax code n the Invoice Tab of PO.So that the Item price will be 900 and Tax will be 90.
Reagrds,
Ashish
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HI all,
thanks for your reply.
if the supplier sends the price includes tax, then how could I do??
say... supplier says quantity 1 is INR 10 which inclueds INR 1 tax.
gross price is 9 and tax is 1,
then how could I do the PO?? is there any way that I can capture the tax through condition types...??
you can only define the tax code under invoice tab but can't capture the value/amount/cost at the po but you haveto define at the MIRO only
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Hi
Create the PO and go to item level, invoice tab and select the required tax code.
same tax will be captured at the time of posting invoice(MIRO)
Regards
Prasanna
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