Microsoft Dynamics AX (Archived)

How to reverse out the input tax claimed

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Posted on by Community Member

Good day to you.

I posted a journal:

Dr Entertainment (tax inclusive)

Cr Cash

Then I realised that I should have taken it as 'blocked input tax' instead of 'input tax'.

But I could not Cr Entertainment (tax inclusive) to reverse it out.

Or any other solution?

Please help, thank you.

P.S. totally newbie to Microsoft Dynamics AX

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Minoru Ohya 300 on at

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Hello top7012,

I think a journal of ledger type = ledger cannot use correction function in AX.

Can you try create new a journal?

Dr Cash

Cr Entertainment (tax inclusive)

Thanks,

Billy.

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Community Member on at

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Hello Billy,

Thank you for your reply.

I created the journal, but the system does not allow me to post it.

Awaiting your reply.

Thanks again

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Ludwig Reinhard Microsoft Employee on at

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Hi top7012,

Is it right that you cannot cancel the first transaction?

Can you let us know what tax you refer to and for which country this has been setup?

Whats special for blocked vs ordinary input tax?

Best regards

Ludwig

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Community Member on at

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Hi Ludwig.

Glad to receive your reply.

Yes, we cannot cancel the first transaction as it's posted.

It's Good and Services Tax (GST), Malaysia.

Basically blocked input tax refers to the input tax credit you cannot claim.

Thank you

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Ludwig Reinhard Microsoft Employee on at

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Hi top7012,

I do not know anything about Malaysian tax but can you generate another transaction

Dr Entertainment (tax inclusive)

Cr Cash

with a negative amount that basically reverses the first transaction?

What's the error message you receive or is it just that you cannot post the journal for some reason?

Best regards,

Ludwig

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Community Member on at

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Hi Ludwig,

Oo so we can actually key in negative figures!

Will try and come back to you.

Couldn't remember the error message...

Thank you

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Community Member on at

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Hello Ludwig,

The error message I received was "Accounting number for transaction type Sales tax does not exist. Posting has been cancelled."

And yes, the problem solved by keying negative figures! TQVM :)

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Community Member on at

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Hi top 7012

Can you please tell me how to activate GST BLOCKED to not to claim at the time of settlement.

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