Hello,
We have a scenario where we need to Clear Downpayment partially against the invoices generated in CPM project using Fixed Contract Type.
We had achieved the partial payment using YZWR condition type in Pricing condition for the billing document of CPM project but the tax paid to the authority is not correct.
While clearing the downpayment it calculated as
| | Net Amount
(A) | Taxes (15%) | Total Amount | Downpayment Clearing with Taxes | TotalPa yable Amount |
| Downpayment | 2000 | 300 | 2300 | | |
| 1st Invoice | 4000 | 600 | 4600 | 1150 | 3450 |
| 2nd Invoice | 6000 | 900 | 6900 | 1150 | 5750 |
| Total Tax Paid | | 1800 | | | |
In the above case total amount was 10000 so total taxes to be paid should be 1500 (i.e 15%)
It should be calculated as below;
| | Net Amount
(A) | Downpayment Net Amount
(B) | Total Net Value
(A-B) | VAT (15%) | Total Amount |
| Downpayment | 2000 | | 2000 | 300 | 2300 |
| 1st Invoice | 4000 | 1000 | 3000 | 450 | 3450 |
| 2nd Invoice | 6000 | 1000 | 5000 | 750 | 5750 |
| Total Tax Paid | | | | 1500 | |
Kindly let us know the solution through which we can achieve the above calculation in the invoice.
Regards,
Nikhil D
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.