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Reply from Darrel on Jun 23 at 8:28 AM Hi Roy,
Thanks for your reply. We are not using any non-deductible VAT in this scenario. Customer is not being charged for the issued samples. Below is the breakdown of transactions agreed with user and FI/SD consultant.
Goods Issuance
Clearing xx
FG Inventory xx
Billing
COS xx
Clearing xx
In VAT report, user says the value of tax base amount and gross amount should be zero but values are taking from FG Inventory. Appreciate your assistance. Thanks!
| | | ---------------Original Message---------------
From: Darrel
Sent: Friday, June 22, 2012 12:07 PM
Subject: VAT Reporting - Free of Charge in Italy
Hi Experts,
We have a scenario of free of charge invoices in Italy. Our SD consultant has followed the way Mr. Roy Brookes has suggested in the other threads here --> "to have a special pricing procedure in SD with a sales condition for the goods at full value, then a subtotal before VAT. You calculate VAT on this subtotal, add it in, then use another (negative) condition to reverse out the net cost (before tax) of the goods "
In VAT report, the Output tax is zero, Gross Amount and Tax base amount is getting the value from the cost of the goods (which is not equivalent to zero). However, our client wants to have the gross amount and tax base amount in VAT report as zero. Is this attainable and proper way of reporting?
Thanks! |
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