Interested to Buy Any Domain ? << Click Here >> for more details...
We calculate TAx for Our Vendors/Customers when the
transaction is completed Right.
Then y can't we calculate Tax(If the year ends) When the
Partial payment is done i.e DownPayment/Received. Please
Reply.
- 2 Answers
- 7390 Views
- SAT InfoTech, I also Faced
- E-Mail Answers
Answer Posted / choudary
All ways Tax liability will create on Inovice
(Purchase/Sale). Input Tax / Output Tax is no way related
to the advance payments.
Hence in this case Tax will be calculated on Invoice amt
and Advance payment will be adjusted against invoice during
the special periods and transaction will be completed
during the financial year only.
Any clarification further please mail.
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
while making DO in SAP system allowes passing an entry more than the credit limit set in the system configuration Please help me
Explain the architecture of firstlogic’s global data quality connector for sap systems?
How do you configure manual bank statement?
what is difference between consumer based accounting and purchasing based accounting and how to assign the difference to profitability analysis.
Explain some of the controls setup during the configuration of internal order types in the co module?
Where do you assign activity type in cost centers? : co- cost center accounting
How is account type connected to document type? : fi- general ledger
Explain the various reference methods? : fi- general ledger accounting
what is the complete configuration of functional areas in finance and controlling and their related modules. plz give me complete secinero of the functional area,
What is a company code ? Describe its relationship with a controlling area?
What does field status group assign to a gl master record controls?
in which server did number ranges of CO mainly created? is it in development server or in production server? Plz. give the reason.
Explain cost center accounting? : co- general controlling
Can both account-based and costing based profitability analysis be configured at the same time?
What do you mean by chart of accounts? What are its important elements?
