Hello Everyone,
As per the setups suggested by Microsoft for German tax report, reporting codes needs to be created and mapped on Sales tax codes, it is fetching correct amounts for all the scenarios except Reverse charge scenario,
For Reverse charge, we have created two sales tax codes, one with positive tax and other with negative, now, base amount for reverse charge transaction needs to be reported in 46, Tax amount in 47, Input tax amount in 67,
So we have mapped code 46 in Taxable purchase, 47 on Sales tax receivable on Positive tax code
Also, we mapped 67 on Sales tax payable on Negative tax code
When we post and settle the reverse charge transaction, for example Invoice of 3100 and VAT of 19% (589) on it
We get correct base amount for transaction in 46, however, we get negative amount for 47 and double amounts in 67.
I would like to know if we are missing something in setups which is causing this issue.
Thanks in advance!
Regards,
Jaydeep
