VAT

[Vineet]

We have a situation where as goods are being exported , but not for sale. These are sent for processing, and these comeback later. However, the value of the goods being sent out on stock transfer basis has to be captured in Table F0018 for VAT purpose. How can this be achieved.

 

[peterban]

Hi Vineet!

Stock transfers will not affect the VAT files - only a sales/purchase
update will do this.

You need to look at transfer orders (which produce and ST/OT combination
- ST = sale OT = purchase). So you would "sell" the goods to your
vendor and receive them back in through the PO.
Note that there will be some work on the AAI's to make this work and
this is actually slightly outside the norm of what this is used for.
You may also have to take care on how the values are updated into
inventory (maybe use landed costs to value the service).

Also you may want to consider consigning stock at the vendor so you
still own the stock and I believe some of the export strictures are
removed.

I hope this helps a little!

Best regards,

Peter

Peter Bannister

1st Consulting Ltd
www.1stconsulting.biz

Mobile : +(44)-7711-649358




Product Specialist

 

[ame]

Are these between your own branch/plants or a specific vendor? You could set
up a special tax rate/area for that vendor/branch/plant and apply that to
the address book and set the processing option in the P4310 PO Entry so each
time an order is entered it will calculate those charges in VAT tax. You
could set the AAIs to point to each other if you don't actually have to pay
them. Let me know. thanks Bobby




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[Andre_Jille]

Vineet,

If you use a sales order, your transaction is captured in F0018, if you =
do
not want to update accounts receivable, you set the appropriate =
processing
option in R42800.

Met vriendelijke groeten / Kind regards,=20

Andr=E9 Jille

Deloitte & Touche =20
Wisselwerking 46
1112 XR Diemen

P.O. Box 23103
1100 DP Amsterdam ZO=20
The Netherlands

Tel. (+31) (0) 6 21 27 22 25
Fax (+31) (0) 20 495 2345 =20

 

[Vineet]

Re: RE: VAT

Thanks for your inputs. But I have been told that even if we send goods out on a consignment, or out for getting processed, we have to include the value of goods on VAT declaration.

 

[Sef]

Re: RE: VAT

Hi Vineet

Are you physically paying VAT under these circumstances? Or do you just need to report the value inclusive of VAT on your documentation? If this is the case you don't need to write to F0018 as this file is generally used for reporting tax transactions over a certain period to the local tax authorities.
You also will not need to instigate VAT being written to the G/L as you physically are not paying tax. What you do need to do is modify your (Proforma Invoice??) program to display tax information.

Hope this helps (if my assumptions is right)

Rgds,

 

[Vineet]

Re: RE: VAT

Thanks.

You are right. We need to include VAT for declaration purposes only. The problem is, if I do not take it to F0018, then we have to compute several values externally, and add separatel. I was wondering if I could take these to F0018, and get the report out at one go.