Amount Excluding & Including Tax ??

rinki123

Hi Experts,

I have posted an Purchase invoice with 1st line,Type item Com-001 &
2nd line with G/L A/C->Rounded-Off,after posting this invoice when we check Purchase of Component Ledger in C.O.A. it shows amount including taxation(sales tax) value but in ordinary scenario where we used only item in invoice line it shows amount excluding taxation(sales tax) value,why this is happening?????

vijay_g

Check the "Prices Including VAT" field in vendor master.

ssingla

If you mean VAT (Indian Localization) then field "Creditable" should be marked true to avail VAT on purchase.

rinki123

ssingla wrote:

If you mean VAT (Indian Localization) then field "Creditable" should be marked true to avail VAT on purchase.

Thanku Sir