Hello Community,
I need to know for the following scenario:
VAT Payable: 30,000
Input Credit: 12,000
Sales tax to be paid will be 18,000 only.
However, if we select 'Pay Tax" the entire invoices are displayed.
How can we adjust ?
How to adjust Input tax Credit during Sales Tax Payment?
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Hello, Experts..
I found a work around for this..
Can anyone check whether this process is correct or not?
Go to 'Bank Receipt Voucher',
Select 'Pay tax' option
Using Filter option,
select
Type = Purchase; Sale and
Posting Date = 'Required Date Range'
Click on 'Pay Button"
Bingo, the Bank Payment Voucher would contain the net amount only..
Can anybody check whether this method is right or not?
I am very much disappointed that there is no expert who has the knowledge or work around on the said scenario,
This is a common scenario in India and nobody knows how to solve it.
Very much disappointed.
' VAT Settlement ' function is showing Net VAT payable as Rs. 18,000.
So shows the VAT Settlement report.
But when coming to payment of sales tax, the user has to pay Rs. 30,000.
It should be noted that getting refund of 12,000 is not recommendable as it is not easy process.
All tax consultants in India shall recommend only taking credit of tax against the payable.
I don't know whether Microsoft Dynamics NAV works in allowing credit tax.
Nobody is responding..
Please share your views please how to solve this scenario..
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André Arnaud de Cal...
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Martin Dráb
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nmaenpaa
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