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VAT utilisation

channa_kallu
Participant
0 Kudos

Hi All,

We have Created a PO with VAT Cr tax code, then Gr & then we posted the Invoice & that VAT GL acc is gets Dr, Upto this I am clear.

Now how we need utilise the VAT amount ? Just like Excise.

We have using taxinn tax procedure

regds,

CB

Edited by: channabasappa kallapur on Jun 17, 2009 1:49 PM

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi,

Utilisation of VAT is activity of FI thru FB50

On the initial screen, enter the Document Date, Doc.Header Text, enter G/L Accounts of VAT Receivable, Payable & Bank in u201CG/L acctu201D Column, Select u201CDebit or Creditu201D indicator like VAT Payable as Debit, Receivable & Bank as Credit, in u201CD/Cu201D Column, enter amount in u201CAmount in doc.curr.u201D against each G/L account and press Enter , Check for Total deb. and Total cred. In Amount Information , ensure that the indicator is turned as Green . Click on Details tab, to check the details . Click on Simulate button, check the details and Click on Save button.

Regards,

Vikas

channa_kallu
Participant
0 Kudos

Thank You Vikas

regds,

CB

Answers (0)