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GL postings for movemnt type 201

suadh
Explorer
0 Kudos

Hello,

situation is as follows:

Sometimes we issue some materials for internal consumption via MIGO transaction, mvmt type 201 issue to cost center. This document results with following GL postings in accounting doc:

Example:

Goods acount -100

Expenses +100

Now I would like to include VAT posting (i.e 20%), so that it looks like this:

Goods -100

Expenses +80

VAT +20

So, how to do it or where even to start?

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

You can not Add vat at the time of Goods Issue with Movement Type 201.

Answers (2)

Answers (2)

suadh
Explorer
0 Kudos

Actually I see now that my original question was wrong, it does not make sense to make such postings.

It should be like this:

Goods acount -100

Expenses +100

VAT -20 (outgoing taxt)

So GI to cost center makes first two, but I need the third too ... so any other scenario?

Former Member
0 Kudos

Dear,

201 movement issue material for consumption which you already procured. In this case you want to reduce VAT on material value. What is the reason? Is there any VAT exemptioin from internal consumption?

Is it legally acceptable? to reduce 20% VAT and submit to authorities.

You can calculate monthly and submit amount for exemption.

Regards,

Syed Hussain.

former_member533946
Active Contributor
0 Kudos

Hi dear,

This is not possible. VAT comes into picture when you are procuring material and here you are doing material issue/consumption.

Former Member
0 Kudos

Hi,

I don't think this is possible with 201 as VAT is a pricing condition and consumption has nothing to do with pricing. Let's see what our fellow friends say.

Cheers!