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author's profile photo Former Member
Former Member

Re: VAT amount not to be inventorised

Dear Team

Here, I am configuring Import Pricing Procedure for Bangaladesh.The Price structure as follows.

Basic Price A -


> 100 USD

Other Charges B -


> 1 USD

So Assesable Value ( A+B) C -


> 101 USD

Import Duty 40 % D -


> 40.40 USD

Amount for Calculation

of VAT -


> ( C+D) E -


> 141.40 USD

VAT 10 % F -


> 14.14 USD

Total PO value -


> (E+F) G -


> 155.54 USD.

Here the requirement is, During GRN, only the value 141.40 USD has to debited the material cost.The VAT amount 14.14 USD should not be added to the material cost. This VAT amount has to be separately Debited to one VAT paid account( With automatic Posting only GL Code) during MIRO.

Expecting some lights from the TEAM.

With Regards

Srinivasan Baskaran

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1 Answer

  • author's profile photo Former Member
    Former Member
    Posted on Oct 05, 2009 at 08:36 AM

    In order to the vat amount to flow as separate line item to vat payable account u have to do the following

    Create a separate condition type with non-decticble vat description

    create a PROCESSING key using OBCN

    IN THAT SELECT posting indicator 3 and tick mark the NON-DEDUCTIBLE.

    In ob40 FI configuring : automatic posting assign the vat payable g/laccount against the processing key created in the above step

    Now in the tax pricicng procedure include the condtion type and assign the processing key in the Actkey column

    create the tax code and maintain the condition record

    Regards

    P RAMASUBRAMANIAN

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