Skip to Content
author's profile photo Former Member
Former Member

Tax (VAT) Amount rounding to nearest rupee.

Dear Experts,

When ever we are using and VAT tax code its not rounding the Tax Amount to nearest rupee, when I check the parameters of condition type JIP5 the rounding rule is set to commercial rounding still its not rounding to nearest rupee and as per my understanding its rounding it to nearest 10 paise rather than to nearest rupee.

So please suggest how to make it rounding to nearest rupee.

Regards

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

1 Answer

  • author's profile photo Former Member
    Former Member
    Posted on Dec 09, 2011 at 10:06 AM

    Dear JKTECH TEAM

    Please try this path

    Financial A/c- Fin Acc global- WHT- Ex WHT- Calculations- WHT type. Define rounding rule for WHT tax type

    Regards

    shankar

    Add a comment
    10|10000 characters needed characters exceeded

    • Former Member Former Member

      hI!

      You cant rounding off for VAT amount for sales and purchases. The difference amount (digits) in sales document or purchase document will be rounded off with condition type matain in pricing procedure. There is no config setting for this rounding off for VAT calculation. If it necessary, you can contact your ABAP developer. Actually you no need to rounding off that VAT figure. You can rounding off the invoice amount to near rupee with condition type in pricing procedure.

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.