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Vat posting setup - options

lallylally Member Posts: 323
edited 2008-12-06 in NAV/Navision Classic Client
HI Masters,

In Vat posting setup form - there is field Vat calculation type , those options are

Normal VAT
Reverse Charge VAT
Full VAT
Sales tax
India vat

Here my doubt is what option I have to select when I calculating the CST, Vat.


Please suggest me.
lally

Comments

  • ssinglassingla Member Posts: 2,973
    First Dont leave so many blank lines.

    Use Sales Tax module for VAT/CST. Look at the manuals. There is wide functionality available in Sales Tax module than in Vat Posting Setup.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • lallylally Member Posts: 323
    Dear ssingla,

    Thanks for the valuable information.

    But the thing is I am i am getting little bit confuse to select that option to calucate Vat, Sales tax.

    So please suggest me.
    lally
  • ssinglassingla Member Posts: 2,973
    I am using the option for the last 3 years and never found any problem using it. Moreover MS India recommends it.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • lallylally Member Posts: 323
    Thanks Sandeep,



    Out of these Five options which one i have to select to caluclate Vat/ CSt.

    Normal VAT
    Reverse Charge VAT
    Full VAT
    Sales tax
    India vat

    Please suggest me.
    lally
  • ssinglassingla Member Posts: 2,973
    Where these options are. It must be in the Vat Posting Setup. I have never used that functionality so cann't really suggest.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • lallylally Member Posts: 323
    thanks sir,


    with out using these options is it possible to caluclate cst/vat ?

    If yes , please throw some suggestion on this...........


    Please guide me.
    lally
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