VAT not availed

Question

There are some items, like cement, some engineering items, which come with VAT, but we cannot avail that VAT as input as they are considered non core items (or whatever). How can we do this in B1. I want to enter the transaction as given in vendor's bill with the VAT details, only I do not want this items' VAT not to be included while calculating VAT to be paid for the month.

Answer 1

Dear Mr Chaitanya,
Please let me recap the issue:
you receive the bill from your supplier with the total price for the goods (price of the item plus the VAT). Obviously, in order to calculate the VAT in Business One you need to add the price of the item separetely from the VAT and let Business One calculate the tax amount.
I was wondering if you know the VAT percentage and how much work you would require to calculate manually the VAT.
Unfortunately, in Business One you must enter the 2 values separetely yourself otherwise the monthly VAT report will not be correct.
Kind regards,
Marcella Rivi
SAP Business One Forums Team