on 11-04-2018 10:56 AM
Dear Expert
Please help on the client's requirement below. For Account Payable invoice using MIRO, VAT should be calculated based on the original GR/IR amount excluding any deduction. For example:
GR/IR amount 1000
Deduction (inputted in MIRO GL Account tab) 200
Amount (inputted in MIRO amount field) 1000 - 200 = 800
Expected amount for VAT = 10% * 1000 = 100
But currently in MIRO, VAT is calculated based on the gross amount after deduction (10% * 800 = 80). How can I setup the VAT code so it will calculate VAT value based on 1000, not 800. Picture is attached for reference purpose.
Thanks
Hi Alvin,
From what you describe the deducted amount is not VAT relevant. If I got it right, shouldn't it be enough if you insert a different VAT code, not relevant or exempt tax code, in 200 line item? Just a suggestion.
Hope it helps.
Regards,
Filipe
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Hi Filipe, Madhu
Thanks, that is the correct answer. Much appreciated
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Hi,
Remove tax code in GL line item (200), then tax only calculates on 1000. In current screen shot tax is calculating on both PO and GL line means debit and credit, balance 80 is appearing.
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