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vat should come in Credit

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172

Dear Gurus,

While posting the Invoice VAT account should come in Credit side.

Narmally it will come as below:

Vendor account Credit

Crude Oil  Debit

VAT account Debit

But as per client requirement we require as below

Vebdor Credit

Vat account Credit

Crude Oil Debit.

Pl advice how to do..

AbdelrahmanFathy
Discoverer
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There is no update regarding this point ?

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Answers (1)

Answers (1)

suma_mani
Active Contributor
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Input tax always Debit side only. May be his requirement is Withholding tax from vendor. Use withholding tax concept to get credit side the amount.

Regards

Mani

suma_mani
Active Contributor
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Hi Venkat,

Is it solved through Withholding tax codes ? If no let me know.

Regards

Mani