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Former Member

Issue In Purchase

Hi All,

We have a typical scenario which we have certain items which are non excisable but we have to create non cenvatable codes with 100% non deductible to load the value on inventory.

Now this wrks fine in case of inventory items but when we are creating A/P Invoice for asset items, the system forces us to change the tax code to exempt else it keeps on showing unbalanced transaction. How do i overcome this issue?

Thanks,

Joseph

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1 Answer

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    Former Member
    Apr 07, 2010 at 06:48 AM

    Hi Joseph !

    You have to create new Tax types for non excisable items.

    You can name them as 'NBED' , 'NHCESS' ,NECESS'.

    You have to design new tax combination and formula to calculate the tax amount.

    Regards

    Ashutosh T

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    • Former Member

      Hi Ahustosh 😉,

      I have created all these and its working fine in case of inventory items. The only probem I am facing is while creating A/P Invoices of GRPO with Assets. Any ideas how to get this corrected?

      Thanks,

      Joseph