Indian VAT set up & calculation

vyanku
vyanku Member Posts: 791
edited 2007-02-09 in NAV/Navision Classic Client
How we do Indian VAT set up & its calculation in NAV SP2.
I have done the following sets up
Financial mgt. -> sales tax -> Forms, State, tax details, jurisdiaction etc.
also done structure set up for VAT .
if we attached structure to invoice , it will not calculated value of VAT & not shoen in print preview.
Kindly suggest me the way out for the same.

Answers

  • ssingla
    ssingla Member Posts: 2,973
    Indian VAT setup can be done in 2 ways. Thru Sales Tax option and by using VAT Bussiness and Product Posting Group. If you are having multiple location then use Sales Tax option otherwise you can use VAT setup.

    As per the scenario detailed by you select Sales Tax in the Structure andthe calculation will be done.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • vyanku
    vyanku Member Posts: 791
    if we do it through sale tax setup , it does not calculate VAT.
  • vyanku
    vyanku Member Posts: 791
    Any body who suscessfully calculate the indian vat by structure ?????
    :-k :-k
  • ssingla
    ssingla Member Posts: 2,973
    If you are defining the setup in
    Financial mgt. -> sales tax -> Forms, State, tax details, jurisdiaction etc. then you need to choose Sales Tax in the Structure. Also define Tax Group Code on Items, Define "Tax Liable" boolean on the vendor/customer master.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • vyanku
    vyanku Member Posts: 791
    Financial mgt. -> sales tax -> Forms, State, tax details, jurisdiaction etc. then you need to choose Sales Tax in the Structure. Also define Tax Group Code on Items, Define "Tax Liable" boolean on the vendor/customer master.

    Yes I already setup this. But the vat is not calculated.
  • ssingla
    ssingla Member Posts: 2,973
    Check the following fields for value in Purchase/Sales Line

    Tax Liable
    Tax Group Code
    Tax Base Amount
    Tax Area Code
    Tax %
    Tax Amount
    Tax Jurisdiction
    CA Sandeep Singla
    http://ssdynamics.co.in
  • vyanku
    vyanku Member Posts: 791
    Oh Thanks.
    I got the solution soln is do not insert % in the structure.
    just define the vat in structure. And defind vat posting group.
    Then by calculating structure values in invoice u will get the vat amount.

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