Viewing VAT calculation details

This page allows you to view the calculated VAT by the system when the sundry receipt 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 of the receipts in all statuses.

Select the “VAT Calculation” link at the bottom of the “Create Receipt” page.

The “VAT Calculation” page appears.

The system displays the following:

Receipt No	The number identifying the sundry receipt.
Transaction Date	The date on which the receipt is generated.
Status	The status of the receipt.
Currency	The code identifying the currency in which the receipt 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 transaction has been posted.

Default VAT Category	The code identifying the VAT category.
Default VAT Class	The code identifying the VAT class.
VAT Inclusive	A specification if the item amount is inclusive of the VAT charged.

TCD Variant

The code identifying the variant of the tax/charge/discount that is vatable.

VAT Amount per VAT Code	The vatable amount per 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 No	The number of the row that contains the VAT charge.
Ref Doc Line No	The number of the row in the invoice that contains the Vatable item, tax or charge.
Account Code	The code identifying the account based in which the amount is posted

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.
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.

VAT Inclusive

A specification of whether the item, tax, charge or the discount amount is inclusive of the VAT charged.

VAT Amount (Tran Currency)	The VAT amount in the currency in which the receipt has been created.
VAT Amount (Base Currency)	The VAT amount 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 view the VAT postings.
Select the “Attach Notes” link at the bottom of the page to add notes.