Hi,
Can anyone Explain me when I post a Purchase Invoice in the System and VAT Category is "Reverse Charge VAT"
SubLedger
Only 1 Subledger entry is creating in the system and hitting the Reverse Charge G/L Account (Liability)
Question?
Why it is not hitting 2nd Sub-Ledger Against (Sales VAT Account)?
Because after reverse charge Net VAT Should be 0, but in this case it is Saying I have the Balance to Claim From Tax Authority by only showing the data in Input VAT.
Question 2 ?
Why System does not allow to hit the Reverse Account in Sales Invoice Transaction. Gives the error when Select Reverse Charge Combination of VAT in Invoice?
