Is it possible to take VAT credit 50% this year, 25% next year and remaining 25% next consequtive year. I am using Nav 4.0 sp3 version with all hotfixes updated.
Yes. You need to define no. of deferment and periods in the sales tax setup. For more details you can refer to 13702(13705)_VAT Credit on Capital Goods,Setoff and Refund_Feature Instructions Guide.pdf of HF 1 of SP3 NAV IN version.
In the defferment Its asking for Starting Threshold Amount and Closing Threshold Amount but there is no option of giving % .. can you please brief it.. I am using the above PDF in page 14 its mentioned but noting is given in detail.. hope to get the solution.
Is it possible to take VAT credit 50% this year, 25% next year and remaining 25% next consequtive year. I am using Nav 4.0 sp3 version with all hotfixes updated.
This is not possible without customization :oops:
You can define deferment period if % allocation is same in all the periods i.e. 33.33% for 1st, 2nd and 3rd Year (as per your example).
Answers
13702(13705)_VAT Credit on Capital Goods,Setoff and Refund_Feature Instructions Guide.pdf of HF 1 of SP3 NAV IN version.
http://ssdynamics.co.in
This is not possible without customization :oops:
You can define deferment period if % allocation is same in all the periods i.e. 33.33% for 1st, 2nd and 3rd Year (as per your example).
http://ssdynamics.co.in