Modifying calculated VAT

This page allows you to view the VAT calculated. You can include capitalize non-deductible charges and also retain the distribution of the document charges. The system also calculates and displays the VAT amount and the corrected amount in the currency in which the debit / credit note was created and also in the base currency of the company.

Select the “VAT Calculation” link at the bottom of the “View Item Based Note” page.

The “VAT Calculation” page appears.

The system displays the following:

Note No.	The number identifying the item based debit / credit note.
Transaction Date	The date on which the transaction was done.
Currency	The currency in which the item based debit / credit note has been created.
Exchange Rate	The exchange rate of the base currency with respect to the transaction currency in case they are different.
Finance Book	The code identifying the finance book in which the item based debit / credit note details are posted.
Vatable Charge	The total debit / credit amount on which VAT must be charged.
Non Vatable Charge	The debit / credit amount on which VAT is not charged.
Doc Level Discount	The total discount amount for the debit / credit note.
Default VAT Category	The code identifying the VAT category.
Default VAT Class	The code identifying the VAT class.

Enter the following fields:

Capitalize non-deductible Charges	Check this box if you want to capitalize the non-deductible charges.
VAT Inclusive	Check this box if the item amount is inclusive of the VAT charged.
Retain Initial Distribution of Doc Charges / Disc	Check this box if you want to retain the VAT amount that has been apportioned by the system before the modifications have been made.

Note: If you check this box after making changes in the “Vatable Distributed Charge” or the “Distributed Discount” fields you would have to re-calculate the VAT by clicking the “Recompute VAT” pushbutton available at the bottom of this page.

TCD Code

Use the drop-down list box to select the code identifying the TCD Variant in which VAT has been calculated.

The system displays the following:

VAT Amount per VAT Code	The VAT amount that has been calculated for the individual VAT.
Corrected VAT Amount Per VAT Code	The VAT amount after modifications have been made manually.
Total VAT Exclusive Amount	The total amount that does not include the VAT charges.
Total VAT Amount	The total amount that has been calculated as VAT.
Total VAT Inclusive Amount	The total amount that has VAT included in it.

The system displays the following in the “VAT Calculation” multiline:

VAT Line No	The number of the row that contains the VAT charge.
Corrected VAT Amount	The VAT amount after modifications.
Item / T / C	Indicates whether item, tax or charge is available in the row.
Item / T / C / D Code	The code identifying the item, tax or charge that is vatable.
Variant	The code identifying the variant of the item, tax or charge that is vatable.
VAT Category	The category to which the VAT belongs.
VAT Class	The class to which the VAT belongs.
Input VAT Deductible (%)	The VAT deductible percentage charged on the item.
TCD Variant	The code identifying the TCD Variant.
VAT Rate (%)	The unit rate of the VAT that has been charged.
Item Amount	The amount of individual item for which a debit / credit note.
Vatable Item Charge	The individual item amount for which the VAT can be charged.
Non Vatable Item Charge	The individual item amount for which the VAT is not charged.
Vatable Distributed Charge	The VAT charged on the item.
Item Level Discount	The discount applicable for the individual item.
Distributed Discount	The discount deducted for the debit / credit note.
VAT Amount (Tran Currency)	The VAT amount in the currency in which the debit / credit note has been created.
Corrected VAT Amount (Tran Currency)	The VAT amount after modifications.
VAT Amount (Base Currency)	The VAT amount in the base currency of the company.
Ref Doc Line No	The number of the row in the invoice that contains the Vatable item, tax or charge.
Description	The description of the VAT code.

To proceed, carry out the following

Select the “Adjustment” link at the bottom of the page to select documents against which the debit / credit note must be adjusted.
Select the “VAT Postings” link at the bottom of the page to modify the VAT posting details.
If Swiss pay modes are not applicable for the company, select the “Payment Schedule” link at the bottom of the page to view the details of the payment schedule.
If Swiss pay modes are not applicable for the company, select the “Payment Information” link at the bottom of the page to view the electronic payment details.
Select the “Note Summary” link at the bottom of the page to view the summary of a debit / credit note.
Select the “Attach Notes” link at the bottom of the page to add observations or comments regarding the debit / credit note.