We calculate TAx for Our Vendors/Customers when the
transaction is completed Right.
Then y can't we calculate Tax(If the year ends) When the
Partial payment is done i.e DownPayment/Received. Please
Reply.
Answers were Sorted based on User's Feedback
Answer / choudary
All ways Tax liability will create on Inovice
(Purchase/Sale). Input Tax / Output Tax is no way related
to the advance payments.
Hence in this case Tax will be calculated on Invoice amt
and Advance payment will be adjusted against invoice during
the special periods and transaction will be completed
during the financial year only.
Any clarification further please mail.
Is This Answer Correct ? | 0 Yes | 1 No |
Answer / rkkantheti
we can calculate tax on partial payment also but it is not
clear to understand because the amount of tax will be
seperated till the transaction completed (payment/receipt
depends on payment terms ) to avoid this confusion we
calculate tax when the transaction completed
Is This Answer Correct ? | 0 Yes | 1 No |
What is the purpose of the account type field in the gl (general ledger) master record?
How to do dunning for vendor? What are the purposes of dunning for vendors?
How do you configure the gl account for the house bank? : fi- general ledger accounting
Can we directly pass an entry to CO without FI? If yes, then how?
where do you control the header data?
what is a derivation rule in pca?how we define it and where we define it ?
What is SLA ?
What are user exits and name an example where one could be used in the fi/co modules?
Hi all see the problem is, suppose i sold goods to customer 10 units @ 120 & my COGS (cost of goods sold) is 100 per unit . After that he told me your quality is not good ok & u r charging high 4 that i will pay you only 110 rs for that otherwise i will return ur goods. After that i made 1 credit memo 4 that of rs 10 ok. now the issue is it is also affecting the COGS but it has to remain same And will effect at profit & my profit must be reduced from 20 rs per unit to 10rs per unit & COGS must remain constant i.e is 100 rs
What is validations and substitutions in sap?
Explain the difference between Country chart of accounts nd group chart of accounts
Change of General Ledger Cost Assignment :- We have two major company codes and plus a minor one. In order to assign intra and inter company costs correctly SAP was set up to assign cost at goods issue to the general ledger account 100000 according to plant. Now we combined two company code into one. Every end of month we must re-class costs out of the plant cost center into the cost center associated with the sales office. It is possible that we directly assign cost to cost center of cost office, how can it be possible? Please tell me how we can make this process easier. Thanks in advance, Manoj