Re: VAT amount not to be inventorised

Question

Dear Team
Here, I am configuring Import Pricing Procedure for Bangaladesh.The Price structure as follows.
Basic Price A     -
> 100 USD
Other Charges B -
> 1 USD
So Assesable Value ( A+B) C -
> 101 USD
Import Duty 40 %          D    -
>  40.40 USD
Amount for  Calculation 
of VAT          -
> ( C+D) E  -
> 141.40 USD
VAT   10 %  F -
>   14.14 USD
Total PO value -
>  (E+F) G -
> 155.54 USD.
Here the requirement is, During GRN, only the value 141.40 USD   has to debited  the material cost.The VAT amount 14.14 USD should not be added to the material cost. This VAT amount has to be separately Debited to one VAT paid account( With automatic Posting only GL Code) during  MIRO.
Expecting some lights from the TEAM.
With Regards
Srinivasan Baskaran

Answer 1

In order to the vat amount to flow as separate line item to vat payable account u have to do the following
Create a separate condition type with non-decticble vat  description
create a PROCESSING key using OBCN
IN THAT SELECT  posting indicator 3 and tick mark the NON-DEDUCTIBLE.
In ob40 FI configuring : automatic posting  assign the vat payable g/laccount against the processing key created in the above step
Now in the tax pricicng procedure include the condtion type and assign the processing key in the Actkey column
create the tax code and maintain the condition record
Regards
P RAMASUBRAMANIAN