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Former Member

Increase in VAT tax

Dear Experts,

I have raised invoices with a vat condition 12.5% from 01/01/2012 and duly supplied it to my customer. Now it is termed that, vat condition has been increased to 13.125% with effective from 01/01/2012.

1. I can't simply cancel my invoices, change the condition rate and invoice again as it has already moved to customer.

2. Raising a Debit memo for the difference will results in addition of Sales volume.

3. Passing the Vat differences through JV will affect the Sales Information report and Registers report.

Can you please help me on what should be done to pass the Vat differences. Hope I have explained my situation clearly, Thanks in advance.

Regards,

Vijay N

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2 Answers

  • Best Answer
    Posted on Jul 31, 2012 at 04:27 AM

    May be you can consider having a new pricing procedure where you consider PR00 as statistical and tax condition type as non statistical. With this, have a document type in line with Invoice List by copying standard LR. Assign the above pricing procedure to this. Finally, have copy control in VTFF for the commercial billing document type and this new invoice list type.

    Try to generate and update here.

    G. Lakshmipathi

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  • Posted on Jul 31, 2012 at 04:30 AM

    HI

    you can do the 2,3 options and also conform the sales tax department , and FI consultant

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