Viewing VAT calculation details

This page allows view the VAT calculated by the system when the voucher template is created. VAT is applicable only if the “VAT Applicable” parameter has been set to “Yes” at the company level. You can view the VAT charges if the template is in the “Active” or “Inactive” status.

Select the “VAT Calculation” link at the bottom of the “View Recurring Voucher” page.

The “VAT Calculation” page appears.

The system displays the following:

Template #	The number identifying the voucher template.
Transaction Date	The date on which the voucher is transacted.
Status	The status of the voucher template which must be “Active”.
Currency	The code identifying the currency in which the voucher template 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 finance book to which the transactions are posted.
Default VAT Category	The code identifying the VAT category.
Default VAT Class	The code identifying the VAT class.

Modify the following field if required:

VAT Inclusive	Use the drop-down list box to specify if the part amount is inclusive of the VAT charged. You can select from “Yes” or “No”.
TCD Variant	Use the drop-down list box to select the code identifying the variant of the tax/charge/discount that is vatable.

The system displays the following:

VAT Amount per VAT #	The VAT amount corresponding to every VAT code.
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 #	The number of the row that contains the VAT charge.
Ref Doc Line #	The number of the row in the invoice that contains the vatable part, tax or charge.
Account #	The code identifying the account based in which the amount is posted
Part / T / C / D #	The code identifying the part, tax or charge that is vatable.
Variant	The code identifying the variant of the part, tax or charge that is vatable.
VAT Category	The category to which the VAT belongs.
VAT Class	The class to which the VAT belongs.
TCD Variant	The code identifying the variant of the tax/charge/discount that is vatable.
VAT Rate (%)	The unit rate of the VAT that has been charged.
Input VAT Deductible %	The percentage of VAT that can be deducted.
VAT Inclusive	A specification of whether the part, tax, charge or the discount amount is inclusive of the VAT charged.
Part Amount	The amount of individual part for which a voucher has been created.
VAT Amount (Tran Currency)	The VAT amount in the currency in which the voucher has been created.
Corrected VAT Amount (Tran Currency)	The VAT amount after the modifications have made manually. This amount is in the currency in which the voucher has been created.
VAT Amount (Base Currency)	The VAT amount in the base currency of the company.
Corrected VAT Amount (Base Currency)	The VAT amount after the modifications have been made manually. This amount is in the base currency of the company.
Description	The description of the VAT code.

To proceed carry out the following

Select the “VAT Postings” link at the bottom of the page to post the VAT details.
Select the “Payment Information” link at the bottom of the page to add electronic payment mode information.
Select the “Attach Notes” link at the bottom of the page to add notes.