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ReportHi Experts,
I am using NAV 2013 R2.
Consider the following scenario:
An item with cost INR 100,000 (Value added tax @ 4%) is purchased from a creditor.
The expected journal entry is:
Purchases INR 100,000
Input Tax INR 4,000
To Creditor................................ INR 104,000
But after posting purchase invoice, the following is seen
Total : 100,000
Net Total : 104,000
Tax Amount: 0.00
Purchase (LCY): - 100,000
Moreover the journal entry consists only of
Purchases 100,000
To Creditor................................ 100,000
Now I want to know whether any setup is missing or not.
Thanks
JO
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