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Former Member
Sep 25, 2009 at 03:29 PM

Re: VAT amount not to be inventorised

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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